Oportun Financial up after top shareholder Findell pushes for leadership change

Oportun Financial

20/03/2025 15:36

** Consumer lender Oportun Financial's OPRT.O shares rise 8.1% to $6.16

** Investment firm Findell Capital, OPRT's top shareholder with 9.1% stake, announces intent to nominate two directors to replace OPRT CEO Raul Vasquez and lead director Neil Williams

** Investor says OPRT is "significantly undervalued" while board members lack lending experience

** OPRT had last year agreed to add two lending industry veterans put forth by Findell

** Findell says OPRT can improve business performance and valuation under new leadership by reducing costs and focusing on the core lending business

** OPRT stock has fallen 23% in past one month

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))