Open Lending Corporation completed its merger with ANV Group Holdings Ltd. on July 30, 2026, pursuant to the Agreement and Plan of Merger dated June 15, 2026. As a result of the transaction, Open Lending became an indirect wholly-owned subsidiary of Parent. In connection with the merger, directors Jessica Buss, Abhijit Chaudhary, Eric A. Feldstein, Thomas K. Hegge, Blair J. Greenberg, and Todd C. Hart ceased serving on the board, while Joseph Brecher and Jacob Decter were appointed as new directors. Open Lending Corporation operates in the financial technology industry, providing digital lending solutions.

Open Lending Corporation completed its acquisition by ANV Group Holdings Ltd. on July 30, 2026, following a tender offer that expired on July 27, 2026. The company accepted all validly tendered shares at $3.15 per share in cash, representing approximately 85.57% of outstanding stock. Parent financed the transaction with $100.0 million in committed equity and $250.0 million in committed debt. Upon closing, Open Lending became an indirect wholly-owned subsidiary of ANV Group Holdings Ltd., triggering a change in control. The company's common stock was delisted from Nasdaq, and its existing credit agreement with Wells Fargo Bank was terminated and repaid in full. Outstanding equity awards were accelerated, vested, and converted into cash payments based on the $3.15 per share consideration. Open Lending Corporation operates in the financial technology industry, providing digital lending solutions.

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.

On June 8, 2026, William Dabbs Cavin resigned as a director of Open Lending Corporation, effective immediately. The resignation was not due to any dispute or disagreement with the company or its board. Open Lending Corporation provides cloud-based software for the automotive and consumer lending industries.