StockWatch
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Finance: Consumer Services
MergerJul 30, 2026, 09:19 AM

Open Lending Acquired by ANV Group for $3.15 Per Share

AI Summary

Open Lending Corporation announced the completion of its acquisition by ANV Group Holdings Ltd. The merger, initiated by a tender offer at $3.15 per share, concluded on July 30, 2026. Approximately 85.57% of outstanding shares were tendered, leading to Open Lending becoming an indirect wholly-owned subsidiary of ANV Group. In connection with the merger, Open Lending's Credit Agreement was terminated, and outstanding obligations will be repaid.

Key Highlights

  • Open Lending acquired by ANV Group Holdings Ltd.
  • Tender offer price was $3.15 per share in cash.
  • 101,256,899 shares (85.57% of outstanding) tendered.
  • Merger completed on July 30, 2026.
  • Open Lending became an indirect wholly-owned subsidiary of Parent.
  • Credit Agreement dated March 19, 2021, was terminated.