We are investigating the fairness of the proposed sale of Open Lending Corporation (Nasdaq: LPRO) (“LPRO”) for $3.15 per share in cash to ANV Group Holdings.
The sale price appears to undervalue LPRO based on its long-term prospects, including the extension in August 2025 of LPRO’s producer agreement with its largest and longest standing insurance partner, AmTrust North America, which now runs through 2033.
“We are investigating whether the LPRO board of directors acted in the best interests of LPRO shareholders in recommending the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the sale price is fair to LPRO shareholders, and whether all material information regarding the transaction has been fully disclosed, including all conflicts. We encourage LPRO stockholders to contact us if they have any concerns.”
If you remain an LPRO shareholder and have concerns about the fairness of the sale price based on LPRO’s long-term prospects, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.