LPRO - Open Lending secondary stock offering size boosted by 20%

Open Lending's ([[LPRO]] +6.8%) secondary publicly offering is upsized to 9M shares of common stock from 7.5M shares previously announced and prices at $34 per share.LPRO shares closed at $35.42 on Wednesday.All shares are being sold by Nebula Holdings, a True Wind Capital LP-managed entity, Bregal Sagemount, and certain executive officers of Open Lending.Selling stockholders have also granted a greenshoe option for up to an additional 1.35M shares.As previously announced, LPRO will repurchase up to $20M of shares at the same price paid by the underwriters to the selling stockholders in the offering.

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Open Lending secondary stock offering size boosted by 20%