ShareholdingAug 13, 2026, 05:00 PM
OPENLANE Selling Stockholder Sells 8M Shares for $274.9M
AI Summary
OPENLANE, Inc. announced that Ignition Acquisition Holdings LP, a fund advised by Apax Partners, L.P., completed a registered public secondary offering of 8,000,000 shares of the company's common stock. The offering, priced on August 11, 2026, generated approximately $274.9 million in gross proceeds for the Selling Stockholder, with the closing occurring on August 13, 2026. OPENLANE did not receive any proceeds from this sale but concurrently repurchased 727,590 shares from the offering.
Key Highlights
- Selling Stockholder sold 8,000,000 shares of OPENLANE common stock.
- Gross proceeds to Selling Stockholder totaled approximately $274.9 million.
- OPENLANE repurchased 727,590 shares from the offering.
- The offering was launched and priced on August 11, 2026.
- The closing of the offering occurred on August 13, 2026.
Price Impact
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