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"), today announced that they have entered into a definitive business combination agreement. Under the terms of the agreement, Nebula will acquire Open Lending through a new Delaware holding company (the "Company"), which will become a publicly-listed entity with an implied estimated enterprise value at closing of approximately $1.3 billion.
Open Lending’s financial results in the first quarter of 2020 were on track to exceed expectations. The updated investor presentation provides a detailed snapshot of Open Lending’s first quarter 2020 performance as well as revising guidance for 2020 and updated projections for 2021.
SAN FRANCISCO and AUSTIN, Texas, May 18, 2020 -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial.
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SAN FRANCISCO and AUSTIN, Texas, May 18, 2020 (GLOBE NEWSWIRE) -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk...