SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of FG New America Acquisition Corp. (NYSE – FGNA)

BALA CYNWYD – February 10, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of FG New America Acquisition Corp. (“FG New America” or the “Company”) (NYSE – FGNA) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which FG New America, a special purpose acquisition company, will combine with Opportunity Financial, LLC (“OppFi”), a leading financial technology platform that serves the everyday consumer, and result in OppFi becoming a publicly-listed company. Under the terms of the agreement, FG New America shareholders will retain ownership of only 30% of the combined company.

The investigation concerns whether the FG New America Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

If you own shares of FG New America stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.