Openlane prices 8 million-share secondary offering by Apax-advised Ignition fund
OPLN•Secondary offering priced by Ignition fund
Openlane priced a registered secondary offering of 8,000,000 common shares sold by Ignition Acquisition Holdings, an Apax-advised fund.
The stock comes from Series A Convertible Preferred held by Ignition that converted into common shares in May 2026.
Openlane will not sell shares in the deal, which is expected to be executed over time in negotiated transactions.
Concurrent repurchase authorized for 727,590 shares from the underwriter, conditional on the offering closing.
BofA Securities is the sole underwriter.
