OPENLANE to repurchase 53% of Series A Convertible Preferred for ~$559M

OPENLANE, Inc.

Repurchasing 334,028 preferred shares (~53% of Series A) from Apax and Periphas for ~$559M cash.
Repurchase price of $29.70 per common share on as-converted basis, including future dividend value.
Expected to close after Sept 30, 2025 and before Oct 20, 2025.
Reduces Apax preferred holdings by ~50% and Periphas by ~80%; CEO cites strong cash generation.

item 1.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.