Nebula Acquisition Corporation Completes Business Combination with Open Lending
May 8, 2020
Nebula Acquisition Corporation, a SPAC sponsored by True Wind Capital, has completed its business combination with Open Lending, with the combined company renamed Open Lending and expected to trade on Nasdaq under the ticker LPRO. Open Lending, a provider of lending enablement and risk analytics for the auto finance market, will continue to be led by its existing management team; True Wind Capital and existing investor Bregal Sagemount remain committed to the company.
- Buyers
- Nebula Acquisition Corporation, True Wind Capital, L.P.
- Targets
- Open Lending, LLC
- Sellers
- Open Lending equity holders
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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