Oportun Financial issues letter to stockholders ahead of meeting

Oportun issued a letter to stockholders ahead of its July 18 annual meeting. The letter said, “We are writing to encourage you to vote TODAY “FOR” each of our director nominees – CEO Raul Vazquez and Carlos Minetti – using the GREEN proxy card or GREEN voting instruction form. Your vote is extremely important, regardless of how many shares you own. We are now in the final days leading up to our 2025 Annual Meeting of Stockholders, which is scheduled to be held on July 18, 2025.” Oportun also said, “In a campaign that risks destabilizing our clear forward progress, one of Oportun’s stockholders, Findell Capital Management, is seeking to remove Mr. Vazquez – who, in addition to being Oportun’s CEO, is also one of the Company’s largest stockholders – from the Board. Findell seeks to replace Mr. Vazquez with Warren Wilcox, a candidate who we believe is far less qualified and who does not own a single share of Oportun stock. Additionally, since the start of 2025, Findell has sold 500,000 shares despite repeated claims during that period that Oportun’s stock is worth substantially more than the market price. Taken together, we have serious questions about Findell’s motivation.” Finally, the letter encouraged stockholders to vote for the Green proxy.