Open Lending to be acquired by ANV for $3.15/share in all-cash deal, 78% premium

Open Lending Corp

Offer price $3.15/share in cash, ~78% premium to Open Lending's 90-day VWAP as of June 15, 2026.
Transaction unanimously approved by Open Lending Board; expected to close in Q3 2026, subject to regulatory approvals and tender of majority of shares.
Supporting stockholders (including CEO Jessica Buss) holding ~12.8% of shares have agreed to tender and support the deal.
Open Lending will pay a termination fee of $13.58M under certain circumstances, including to accept a superior proposal.
Upon close, Open Lending will become privately held and its common stock will no longer be listed on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Open Lending Corp entered into Agreement and Plan of Merger with ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc. valued at $3.15 per Share (effective 2026-06-15).

Action: entry
Agreement: merger
Counterparty: ANV Group Holdings Ltd. and Lakers Acquisition Sub, Inc.
Value: $3.15 per Share
Effective: 2026-06-15

Exact text from the filing

On June 15, 2026, Open Lending Corporation, a Delaware corporation (the “Company” or “Open Lending”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ANV Group Holdings Ltd. a private limited company incorporated under the laws of England and Wales (“Parent”), and Lakers Acquisition Sub, Inc., a Delaware corporation and indirect wholly owned subsidiary of Parent (“Merger Sub”).

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Open Lending Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-271902

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