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
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jan 10, 2018
- Deal announcement (8-K) Jan 6, 2020
- Press release
- All filings on EDGAR CIK 1720353
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