CARMEL, Ind., Aug. 11, 2026 /PRNewswire/ -- OPENLANE, Inc. (NYSE: OPLN) ("OPENLANE") today announced the pricing of the previously-announced registered public offering of 8,000,000 shares of its common stock (the "offering") by Ignition Acquisition Holdings LP ("Ignition"), a fund advised by Apax Partners, L.P. ("Apax"). These shares represent a portion of OPENLANE's previously issued Series A Convertible Preferred Stock held by Ignition that converted into OPENLANE common stock in May 2026. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. OPENLANE is not selling any common stock in the proposed offering and will not receive any of the proceeds from the sale.
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