LPRO - Open Lending announces launch of secondary offering and share repurchase

Open Lending (LPRO) announces a secondary public offering of 7.5M shares of its common stock. Underwriters' 30-day option to purchase up to 1.125 additional shares of common stock. Company is not selling any shares and will not receive any of the proceeds of the offering.Company also enters into repurchase agreement from the selling stockholders of shares equal to $20M at the same per share price paid by the underwriters to the selling stockholders in the offering.The share repurchase is conditioned on the closing of the offering.

For further details see:

Open Lending announces launch of secondary offering and share repurchase