Open Lending Corporation entered into a definitive merger agreement on June 15, 2026, with ANV Group Holdings Ltd. and its subsidiary, Lakers Acquisition Sub, Inc. Under the terms of the agreement, the subsidiary will launch a tender offer to acquire all outstanding common stock for $3.15 per share in cash. The company's board of directors has unanimously approved the transaction. Supporting stockholders, including CEO Jessica Buss, have entered into agreements to tender approximately 12.8% of outstanding shares. The deal includes a $13,580,000 termination fee payable by the company under specific circumstances. Open Lending Corporation provides data-driven credit decisioning solutions for the automotive lending industry.
