Openlane prices 8 million-share secondary offering by Apax-advised Ignition fund

Reuters2026/08/12 00:31

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Openlane priced a registered secondary offering of 8,000,000 common shares sold by Ignition Acquisition Holdings, an Apax-advised fund.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Openlane Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608112030PR_NEWS_USPR_____CG24620) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Openlane prices 8 million-share secondary offering by Apax-advised Ignition fund

You may also like

Crypto prices