OPFI 424B3: Acquisition

Filed with the SEC on · accession 0001193125-26-338435

OPFI filed a 424B3 (prospectus (offering)) with the SEC on Aug 6, 2026. The final terms of an offering of shares or bonds. The stock moved -0.3% by the first close after the filing.

Summary of the filing

OppFi Inc. is acquiring BNCCORP, Inc. in a merger where BNCC stockholders will receive $19.375 per share in cash plus 1.90 shares of OppFi Class A common stock per BNCC share, with the transaction valued at approximately $38.01 per BNCC share based on recent prices.

Key details

Cash consideration per BNCC share$19
Exchange ratio of OppFi shares per BNCC share$2
Estimated total OppFi shares issued in merger$6.8M
Implied value per BNCC share based on April 28, 2026 closing price$36
Implied value per BNCC share based on August 4, 2026 closing price$38
AcquirerOppFi Inc.
TargetBNCCORP, Inc.
Merger subsidiary of oppfiBirch Merger Sub, LLC
Subsidiary of bnccorpBNC National Bank
President and ceo of bnccorpDaniel J. Collins

How OPFI stock reacted

Close before

$9.79

Aug 5, 2026

First close after

-0.31%

$9.76

5 trading days

-29.93%

$6.86

Since filing

-35.96%

$6.27

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Frequently asked questions

What did OPFI file with the SEC on Aug 6, 2026?

OPFI filed a 424B3 (Acquisition). OppFi Inc. is acquiring BNCCORP, Inc. in a merger where BNCC stockholders will receive $19.375 per share in cash plus 1.90 shares of OppFi Class A common stock per BNCC share, with the transaction valued at approximately $38.01 per BNCC share based on recent prices.

What does a acquisition mean for OPFI stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did OPFI stock react to this filing?

OPFI closed at $9.79 before the filing and $9.76 on Aug 6, 2026 (-0.31%). Five trading days later: $6.86 (-29.93%).

Other OPFI SEC filings

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