Oportun Financial Shares Rise 15%, Reaches Cooperation Deal With Findell

Dow Jones04-23

By Stephen Nakrosis

Shares of Oportun Financial rose in Monday's post-market trading after the company made two appointments in connection with its board of directors as part of an agreement with Findell Capital Management.

Findell, an investment firm, owns about 7.7% of Oportun's outstanding common shares, the company said.

Oportun's stock climbed 15% to $2.60. They closed market trading down 1.75% at $2.25.

The San Carlos, Calif.-based, financial technology company said it had named Scott Parker to its board and Richard Tambor as a board observer, effective immediately. Tambor will stand for election to the board at the annual shareholder meeting later this year.

Also on Monday, the company said its preliminary first-quarter revenue is in a range of $248 million to $250 million. The company previously guided to a range of $233 million to $238 million.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

-0-

The San Carlos, Calif.-based, financial technology company said it had named Scott Parker to its board, and Richard Tambor as a board observer. Tambor will stand for election the company's annual shareholder meeting later this year

(END) Dow Jones Newswires

April 22, 2024 19:01 ET (23:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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