SCHEDULE 13G: Scoggin Entities Disclose 2.03% Stake in Open Lending Corporation
Beneficial Ownership Disclosure
Scoggin International Fund Ltd., along with its affiliates and co-managing members, has disclosed a 2.03% beneficial ownership stake in Open Lending Corporation, totaling 2,435,000 shares.
Summary
- Scoggin International Fund Ltd., Scoggin Management LP, Scoggin GP LLC, Curtis Schenker, and Craig Effron collectively reported beneficial ownership of 2,435,000 shares of Open Lending Corporation Common Stock.
- This represents 2.03% of the outstanding Common Stock, based on 119,782,899 shares outstanding as of March 27, 2025.
- The filing is a Schedule 13G, indicating the shares were not acquired with the purpose or effect of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of an ownership stake without performance or strategic updates.
Positives
- A significant institutional investor group, Scoggin, has taken a notable stake in Open Lending Corporation.
- The filing indicates a passive investment, not intended to influence control, which can be viewed positively by current management.
Negatives
- No specific negatives are disclosed in this ownership filing.
Risks
- The document itself does not detail specific risks related to Open Lending Corporation's business operations or financial health; it is an ownership disclosure.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Open Lending Corporation's future performance or strategic direction.
Industry Context
This filing is a standard disclosure of beneficial ownership and does not provide information related to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of a new significant beneficial ownership group (Scoggin entities and individuals) holding 2.03% of Open Lending Corporation's common stock. | 2025-04-11 | Increases transparency regarding the company's shareholder base and introduces a new passive institutional investor group. |
Related Party Transactions
- The reporting persons (Scoggin International Fund Ltd., Scoggin Management LP, Scoggin GP LLC, Curtis Schenker, and Craig Effron) may be deemed to constitute a group with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934 due to their relationships.
Stakeholder Impact
- Shareholders: Provides transparency regarding a new significant institutional investor group holding 2.03% of the company's shares, potentially influencing market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 2025-03-27 | Date as of which 119,782,899 shares of Common Stock were outstanding, as per Issuer's Definitive Proxy Statement. |
| 2025-04-10 | Date of Issuer's Definitive Proxy Statement filing with the Securities and Exchange Commission. |
| 2025-04-11 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-04-18 | Date of filing and signing of the Schedule 13G and Joint Filing Agreement. |
Keywords
Open Lending Corporation, OLP, Scoggin International Fund, Scoggin Management, Scoggin GP, Curtis Schenker, Craig Effron, Schedule 13G, beneficial ownership, institutional investment, equity stake
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