Open lending corporation announces launch of secondary offering and share repurchase

Austin, texas, march 29, 2021 (globe newswire) -- open lending corporation, (“open lending”) (nasdaq: lpro), a leading provider of lending enablement and risk analytics solutions to financial institutions, announced today the launch of a secondary public offering of 7,500,000 shares of its common stock. the selling stockholders have also granted the underwriters a 30-day option to purchase up to 1,125,000 additional shares of common stock. all shares are being sold by existing stockholders, including nebula holdings, llc., a true wind capital, l.p. managed entity, bregal sagemount and certain executive officers of open lending. open lending is not selling any shares and will not receive any of the proceeds of the offering.
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