secwatch.observer — SEC 8-K summary
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Issuer:     OPENLANE, Inc. (OPLN)
CIK:        0001395942
Form:       8-K
Filed at:   2026-08-13T20:50:13+00:00
Accession:  0001104659-26-096008
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apax sells 8M OPENLANE shares in secondary offering; company buys back 727,590
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- Selling stockholder (Apax) priced secondary offering of 8,000,000 OPLN shares; gross proceeds ~$274.9M.
- Company received no proceeds; it purchased 727,590 shares at the same price paid by BofA Securities.
- Offering closed August 13, 2026; underwriting agreement with BofA Securities dated August 11, 2026.
- Company's buyback of 727,590 shares reduces outstanding share count slightly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1395942/000110465926096008/0001104659-26-096008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1395942/000110465926096008/tm2623104d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-096008

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