Openlane, INC Schedule 13D activist filings
Filed when an investor crosses five percent and intends to influence the company — the activist disclosure.
Ignition Acquisition Holdings LP has successfully completed the sale of 8,000,000 shares of OPENLANE, Inc. common stock in a secondary block trade.
Apax Partners entities converted 288,323 shares of Series A Preferred Stock into 16,424,728 shares of OPENLANE common stock.
OPENLANE, Inc. completed the repurchase of 288,322 shares of Series A Preferred Stock from Ignition Acquisition Holdings LP for $482.4 million.
OPENLANE, Inc. has agreed to repurchase 288,322 shares of Series A Preferred Stock from Ignition Acquisition Holdings LP, an Apax affiliate, for $482.4 million in cash.