Oportun maintains open dialogue with shareholders, addressing concerns

Oportun, a financial services company based in California, has shared its response to a letter from Findell Capital Management. The company emphasizes its commitment to open communication with shareholders and acknowledges Findell's suggestions. Oportun's management and Board of Directors have actively engaged with Findell to build a collaborative relationship. They believe this approach will enhance value for all shareholders. The company reports improvements in its performance through new strategies, cost-cutting measures, and stronger governance. The Board has added four independent directors since 2024 to improve oversight and decision-making. Oportun claims these changes have contributed to a 121% return for shareholders over the past year, exceeding benchmarks and industry averages. Looking ahead, Oportun projects a significant increase in net income for 2025, estimating between $102 million and $112 million. They anticipate further profitability improvements and growth by the year’s end. The company reassures stakeholders that it has a solid business model and is focused on delivering long-term value. Oportun will provide more details in its upcoming proxy statement for the 2025 Annual Meeting of Stockholders. Shareholders are encouraged to review this information as it contains critical insights.