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Customer Acquisition Cost (or "CAC") Sales and marketing expenses, which include the costs associated with various paid marketing channels, including direct mail, digital marketing and brand marketing and the costs associated with our telesales and retail operations divided by number of loans originated and new credit cards activated to new and returning borrowers during a period
−Removed: FICO® score or FICO® A credit score created by Fair Isaac Corporation
GAAP Generally Accepted Accounting Principles
8 unchanged sentences
Operating Efficiency Total operating expenses divided by total revenue
−Removed: Owned Principal Balance at End of Period Total amount of outstanding principal balance for all loans and credit card receivables, excluding loans and receivables sold or loans retained by a bank partner, at the end of the period
+Added: Owned Principal Balance at End of Period Total amount of outstanding principal balance for all loans and credit card receivables, including finance receivables pledged as part of a secured borrowing and excluding loans and receivables sold or loans retained by a bank partner, at the end of the period
Personal Loan Warehouse (or "PLW") Revolving personal loan warehouse debt facility, collateralized by unsecured personal loans and secured personal loans that replaced the VFN facility.
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Exhibit Filing Date Filed Herewith
−Removed: 4.1 Form of Warrant
−Removed: 8-K 001-39050 4.1 3/13/2023
−Removed: 4.2 Registration Rights Agreement, dated as of March 10, 2023, by and among Oportun Financial Corporation, Wilmington Trust, National Association, and the Lenders party thereto.
−Removed: 8-K 001-39050 4.2 3/13/2023
−Removed: 10.1† Amendment No.
−Removed: 2 to Credit Agreement, dated as of March 10, 2023, by and among Oportun Financial Corporation, the Subsidiary Guarantors party thereto, Wilmington Trust, National Association, and the Lenders party thereto.
−Removed: 8-K 001-39050 10.1 3/13/2023
+Added: 10.1 Amended and Restated 2021 Inducement Equity Incentive Plan and Form of Award Notice and Agreement
+Added: S-8 333-272685 10.1 6/15/2023
+Added: Fifth Amendment to the Loan and Security Agreement by and among Oportun PLW Trust, Oportun PLW Depositor, LLC, Oportun, Inc., the Lenders thereto, and Wilmington Trust, National Association, dated as of June 29, 2023.
31.1 Rule 13a-14(a)/15d-14(a) Certifications of the Chief Executive Officer and Director of Oportun Financial Corporation
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** The certifications attached as Exhibit 32.1 that accompany this Quarterly Report on Form 10-Q are not deemed filed with the Securities and Exchange Commission and are not to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Quarterly Report on Form 10-Q, irrespective of any general incorporation language contained in such filing.
−Removed: † Portions of this exhibit have been omitted pursuant to Item 601 of Regulation S-K.
−Removed: The registrant agrees to furnish supplementally to the SEC a copy of any omitted schedule or exhibit upon request by the SEC.
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OPORTUN FINANCIAL CORPORATION
−Removed: May 10, 2023 By:
+Added: August 9, 2023 By:
/s/ Jonathan Coblentz
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.