Financing ·
On August 11, 2026, Ignition Acquisition Holdings LP launched a registered public secondary offering of 8,000,000…
OPLNOPENLANE, Inc.
On August 11, 2026, Ignition Acquisition Holdings LP launched a registered public secondary offering of 8,000,000 shares of common stock. The transaction closed on August 13, 2026, generating approximately $274.9 million in gross proceeds for the selling shareholder. Openlane purchased 727,590 shares from this offering at the same price per share paid by the underwriter. The company received no proceeds from the sale of shares by Ignition Acquisition Holdings LP. Openlane operates in the automotive industry, providing a digital marketplace for used vehicle transactions.