ANV Group Holdings Ltd. has agreed to acquire Open Lending Corporation (NASDAQ: LPRO) for $3.15 per share in an all-cash tender offer.
The acquisition will enhance ANV’s specialty underwriting business and expand its US presence, reinforcing credit as a core insurance product.
This purchase price reflects a 78 percent premium over Open Lending’s 90-day volume weighted average price as of June 15, 2026.
The deal is expected to close in the third quarter of 2026, following unanimous approval from Open Lending’s Board of Directors.
Jessica Buss, Chairman and CEO of Open Lending, said, “This transaction delivers compelling and immediate value for our stockholders while providing Open Lending with the capital, stability, and strategic support to accelerate product innovation, deepen relationships with our financial institution partners, and drive sustainable growth over the long term.”
After the tender offer, ANV plans to acquire any remaining Open Lending shares through a second-step merger at the same price, transitioning Open Lending into a privately held company and delisting its stock from Nasdaq.
 for $3.15 per share, a 78 percent premium over its 90-day VWAP.){kind=link}