Ticker Launch

SPAC · Merger completed

Nebula Acquisition Corp

Business combination with Open Lending

Nebula Acquisition Corp is a blank-check company (SPAC) that raised $250M in its initial public offering on Jan 10, 2018. It completed its business combination with Open Lending on Jun 10, 2020; the combined company is Open Lending Corporation (LPRO). True Wind Capital led the IPO. Ellenoff Grossman & Schole advised the SPAC and Freshfields advised the underwriters on the IPO.

Open Lending offers auto loan analytics, risk-based pricing, risk modeling and default insurance to financial institutions across the United States, through its Lenders Protection product, helping lenders keep auto loan portfolios profitable.

Status
Merger completed
IPO date
Jan 10, 2018
IPO size
$250M
Target
Open Lending
Announced
Jan 6, 2020
Closed
Jun 10, 2020
Combined company
Open Lending Corporation (LPRO)
IPO underwriters
True Wind Capital
SPAC counsel (IPO)
Ellenoff Grossman & Schole
Underwriters' counsel (IPO)
Freshfields

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