---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-271902"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2026-06-16T13:11:27+00:00"
generated_at: "2026-06-16T13:13:10.446292+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-271902
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2026-06-16T13:11:27+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/0001193125-26-271902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/d147981d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-271902
- JSON: https://secwatch.observer/filing/0001193125-26-271902.json
- Plain text: https://secwatch.observer/filing/0001193125-26-271902.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/0001193125-26-271902-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.