secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2026-06-16T13:11:27+00:00
Accession:  0001193125-26-271902
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/0001193125-26-271902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000119312526271902/d147981d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-271902

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer