SEC Comment Letter 0000000000-22-012971 to OppFi Inc. (OPFI, OPFI-WT) (CIK 0001818502) (OPFI)
OppFi Inc. (OPFI, OPFI-WT) (CIK 0001818502)
Date: Dec. 1, 2022 · CIK: 0001818502 · Accession: 0000000000-22-012971
AI Filing Summary & Sentiment
File numbers found in text: 001-39550
Letter
United States securities and exchange commission logo December 1, 2022 Pamela Johnson Chief Financial Officer OppFi Inc. 130 E. Randolph Street Suite 3400 Chicago, IL 60601 Re:OppFi Inc. Form 10-K filed March 11, 2022 Response dated October 11, 2022 File No. 001-39550 Dear Pamela Johnson: We have reviewed your October 11, 2022 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our September 28, 2022 letter. Form 10-K filed March 11, 2022 Note 18. Earnings Per Share, page 130 1.Please refer to comment 2. Given the quantitative significance of the error to diluted earnings per share, among other factors, we disagree with the Company’s conclusion that the errors were not material. Please amend the applicable periodic filings to present restated financial statements reflecting the correction of an error in accordance with ASC 250, file a Form 8-K Item 4.02, and reconsider whether there was a deficiency in the internal control over financial reporting that was a material weakness which is required to be disclosed.
FirstName LastNamePamela Johnson Comapany NameOppFi Inc. December 1, 2022 Page 2 FirstName LastName Pamela Johnson OppFi Inc. December 1, 2022 Page 2 You may contact William Schroeder at 202-551-3294 or Michael Volley at 202-551- 3437 if you have any questions. Sincerely, Division of Corporation Finance Office of Finance
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United States securities and exchange commission logo
December 1, 2022
Pamela Johnson
Chief Financial Officer
OppFi Inc.
130 E. Randolph Street
Suite 3400
Chicago, IL 60601
Re:OppFi Inc.
Form 10-K filed March 11, 2022
Response dated October 11, 2022
File No. 001-39550
Dear Pamela Johnson:
We have reviewed your October 11, 2022 response to our comment letter and have the
following comment. In our comment, we may ask you to provide us with information so we may
better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
September 28, 2022 letter.
Form 10-K filed March 11, 2022
Note 18. Earnings Per Share, page 130
1.Please refer to comment 2. Given the quantitative significance of the error to diluted
earnings per share, among other factors, we disagree with the Company’s conclusion that
the errors were not material. Please amend the applicable periodic filings to present
restated financial statements reflecting the correction of an error in accordance with ASC
250, file a Form 8-K Item 4.02, and reconsider whether there was a deficiency in the
internal control over financial reporting that was a material weakness which is required to
be disclosed.
FirstName LastNamePamela Johnson
Comapany NameOppFi Inc.
December 1, 2022 Page 2
FirstName LastName
Pamela Johnson
OppFi Inc.
December 1, 2022
Page 2
You may contact William Schroeder at 202-551-3294 or Michael Volley at 202-551-
3437 if you have any questions.
Sincerely,
Division of Corporation Finance
Office of Finance