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Findell Capital Reiterates Desire for Compromise at Oportun Financial and Issues Statement on Behalf of Scott Parker

1. Findell Capital is a major stockholder in OPRT. 2. Findell aims for improved corporate governance and value creation. 3. They propose adding Warren Wilcox to the Board of Directors. 4. Findell urges ending costly disputes that harm shareholder value. 5. Scott Parker supports board oversight for enhanced shareholder value.

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FAQ

Why Bullish?

Findell's push for better governance may enhance shareholder value, similar to other successful activist interventions.

How important is it?

Findell's engagement indicates potential for positive change, suggesting a stronger operational direction.

Why Short Term?

Timely board changes can quickly influence investor sentiment and stock performance.

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, /PRNewswire/ -- Findell Capital Partners, LP, (together with its affiliates, "Findell," "we" or "us") one of the largest stockholders of Oportun Financial Corporation (NASDAQ: OPRT) ("Oportun" or the "Company"), today issued the following statement: "We remain committed to reaching a good faith settlement with the Company in order to resolve this situation in a manner that can benefit all stockholders. We firmly believe that compromise can result in improved corporate governance and enhanced value creation under the leadership of directors that possess lending expertise. We believe those goals can be accomplished by the addition of the experienced and highly qualified Warren Wilcox to the Company's Board of Directors. We also believe stockholders would be well served by the continued service of Scott Parker, who brought necessary expertise as a former public company CFO and consumer lending executive to his role as a director. We urge the Board to put an end to the millions of dollars in stockholder capital that is being wasted to fight one of the Company's largest owners. We are ready and willing to engage with the Company on an outcome that will benefit all stockholders." Scott Parker, former independent director on the Company's Board, added: "I was willing to serve as a board member and continue to believe my prior experience and industry knowledge can help further enhance shareholder value at Oportun through strong board oversight." Contact: Findell Capital Management, LLC 88 Pine Street, 22nd Fl. New York, NY 10005 [email protected] OR Saratoga Proxy Consulting LLC John Ferguson [email protected] SOURCE Findell Capital Management, LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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