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Security Profile
- Security Type
- Common Stock
- CUSIP
- 629076100
- Market Cap
- Large Cap
- IPO
- 1/10/2018
- Previous Symbol
- NEBU (changed 6/10/2020)
- Previous Name
- Nebula Acquisition Corp.
Business: Open Lending Corp. is a lending enablement platform for the automotive finance market powered by proprietary data, advanced decisioning analytics, an innovative insurance structure and scaled distribution. Open Lending, through its flagship product, Lenders Protection, offers loan analytics, risk-based pricing, risk modeling and default insurance, ensuring profitable auto loan portfolios for financial institutions throughout the United States.
Notes: June 8, 2020 -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) (“Nebula”), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind Capital”), today announced that they expect all conditions to the closing of the previously announced business combination between Open Lending and Nebula to be satisfied or waived after the special meeting of Nebula’s stockholders to be held on June 9, 2020.Open Lending and Nebula have agreed to increase the price that will be paid to redeem Nebula’s public warrants from $1.50 to $1.80 per whole warrant, if the holders of at least a majority of Nebula’s public warrants vote to approve the amendment to Nebula’s warrants at the special meeting of Nebula’s warrantholders to be held on June 9, 2020.
Company Contact
- CEO
- Keith A. Jezek
- CFO
- Charles D. “Chuck” Jehl
- Headquarters
- 1501 S. MoPac Expressway, Suite 450, Austin, TX 78746
- Phone
- 512-892-0400
- Investor Relations
- InvestorRelations@openlending.com