Verizon to speak at UBS Global TMT Conference December 8

BASKING RIDGE, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) — Hans Vestberg, Chairman and CEO for Verizon (NYSE, Nasdaq: VZ), is rescheduled to speak at the virtual UBS Global TMT Conference on Tuesday, December 8, at 8:25 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors/.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at https://www.verizon.com/about/media-center. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Kim Ancin
[email protected]
908.801.0500

Eric Wilkens
[email protected]
201.572.9317
@ericwilkens



Lemonade CEO Daniel Schreiber to Present at the Goldman Sachs Financial Services Conference

Lemonade CEO Daniel Schreiber to Present at the Goldman Sachs Financial Services Conference

Lemonade’s CFO Tim Bixby to present at the Barclays Global Technology, Media and Telecommunications Conference

NEW YORK–(BUSINESS WIRE)–
Daniel Schreiber, CEO and cofounder of Lemonade (NYSE: LMND), will present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 9, 2020. The presentation is expected to begin at approximately 9:20 am ET. The virtual fireside chat will be livestreamed here and a replay of the webcast will be available on investor.lemonade.com shortly after the event.

Lemonade CFO Tim Bixby will present at the Barclays Global Technology, Media and Telecommunications Conference on Thursday, December 10, 2020. A replay of the presentation will be available on investor.lemonade.com shortly after the event.

About Lemonade

Lemonade offers renters, homeowners, and pet health insurance in the United States, contents and liability insurance in Germany and the Netherlands, and renters insurance in France, through its full-stack insurance carriers. Powered by artificial intelligence and behavioral economics, Lemonade set out to replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback.

Lemonade is currently available for most of the United States, Germany, the Netherlands and France and continues to expand globally.

Stay in touch at @lemonade_inc or [email protected]

Lisa Horton

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Residential Building & Real Estate Technology Construction & Property Professional Services Other Communications Pets Communications Other Technology Insurance Consumer Finance

MEDIA:

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USA Compression Partners, LP to Participate in 2020 Wells Fargo Virtual Midstream and Utility Symposium

USA Compression Partners, LP to Participate in 2020 Wells Fargo Virtual Midstream and Utility Symposium

AUSTIN, Texas–(BUSINESS WIRE)–
USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in the 2020 Wells Fargo Virtual Midstream and Utility Symposium. Senior management expects to participate in a series of virtual meetings with members of the investment community on December 9, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”

About USA Compression Partners, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

USA Compression Partners, LP

Matthew Liuzzi, CFO

(512) 369-1624

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Energy Other Energy Oil/Gas

MEDIA:

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XP Inc. Announces Closing of Public Follow-On Offering

SÃO PAULO, Brazil, Dec. 07, 2020 (GLOBE NEWSWIRE) — XP Inc., or XP (Nasdaq: XP) announced today the closing of its underwritten public offering of 31,654,894 Class A common shares, 7,130,435 of which were issued and sold by the Company and 24,524,459 of which were sold by ITB Holding Brasil Participações Ltda. at a public offering price of US$39.00 per share. The offering was made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).

In connection with the offering, XP and the selling shareholder have granted the underwriters the option to purchase up to 4,135,122 additional Class A common shares at the public offering price less the underwriting discount.

XP Investimentos, Itaú BBA, Morgan Stanley and J.P. Morgan acted as Global Coordinators and Joint Bookrunners of this offering.

Copies of the final prospectus related to the offering may be obtained from: XP Investimentos, Tower 45, 55 West 46th Street, 30th Floor, New York, New York 10036; Itaú BBA, 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, telephone: 1-212-710-6756 or by emailing [email protected]; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or J.P. Morgan, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204.

A registration statement on Form F-1 relating to these securities has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About
XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

  • Educating new classes of investors;
  • Democratizing access to a wider range of financial services;
  • Developing new financial products and technology applications to empower clients; and
  • Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 750 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “aim,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc.’s control.

XP Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change in external forces, among other factors.

For any questions, please contact:

Carlos Lazar, Head of Investor Relations Investor Contact:

[email protected]
André Martins, Investor Relations Specialist IR Website:

investors.xpinc.com
Natali Pimenta, Investor Relations Analyst  

 



NAK INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Northern Dynasty Minerals Ltd.

PR Newswire

NEW YORK, Dec. 7, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (NYSE: NAK) from December 21, 2017 through November 25, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased Northern Dynasty securities, and/or would like to discuss your legal rights and options please visit Northern Dynasty Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s Pebble Project was contrary to Clean Water Act guidelines and to the public interest; (2) the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (3) as a result, the Company’s permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

On August 24, 2020, the U.S. Army released a statement concerning the Pebble Project, stating that it would result in “significant degradation of the environment and would likely result in significant adverse effects on the aquatic system or human environment.” The U.S. Army further found that “the project, as currently proposed, cannot be permitted under Section 404 of the Clean Water Act.” The U.S. Army requested that the Company submit a mitigation plan in response to this finding. On this news, Northern Dynasty’s stock price fell $0.55 per share, or 37.9%, to close at $0.90 per share on August 24, 2020.

On November 25, 2020, Northern Dynasty reported that the U.S. Army Corps of Engineers had rejected its permit applications related to the Pebble Project.

On this news, Northern Dynasty’s stock price fell $0.40 per share, or 50%, to close at $0.40 per share on November 25, 2020, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than February 2, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Northern Dynasty securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/northerndynastymineralsltd-nak-shareholder-class-action-lawsuit-stock-fraud-339/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero

Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/nak-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-northern-dynasty-minerals-ltd-301187764.html

SOURCE Bernstein Liebhard LLP

Preliminary Results from NexImmune’s Phase 1/2 Trial of NEXI-001 in AML Presented at 62nd ASH Annual Meeting and Exposition

Initial data demonstrate early signs of safety, tolerability and robust immune responses in acute myeloid leukemia (AML) patients with relapsed disease after allogeneic hematopoietic cell transplantation (allo-HSCT)

GAITHERSBURG, Md., Dec. 07, 2020 (GLOBE NEWSWIRE) — NexImmune, a clinical-stage biotechnology company developing a novel approach to immunotherapy designed to employ the body’s own T cells to generate a specific, potent and durable immune response that mimics natural biology, today announced that City of Hope’s Monzr Al Malki, M.D., delivered an oral presentation at the 62nd American Society of Hematology (ASH) Annual Meeting and Exposition featuring initial data from the Phase 1/2 trial of NEXI-001 in AML. Entitled “Preliminary Results of the First-in-Human Study of NEXI-001, a Multi-Antigen Specific CD8+ T Cell Product, in Acute Myeloid Leukemia (AML) Patients with Relapsed Disease after Allogeneic Hematopoietic Cell Transplantation (Allo-HSCT) Demonstrate Early Signs of Safety, Tolerability and Robust Immune Responses,” the presentation included responses following a single infusion of the experimental therapy.

These data represent safety and tolerability results from the first five patients treated and reflect a median of four months of follow-up with infusion doses ranging from 50-200 million total T cells. As noted by Dr. Al Malki in his presentation, there have been no cases of acute Graft versus Host Disease (aGvHD), Cytokine Release Syndrome (CRS), immune cells-associated neurological syndromes (ICANs), or infusion related reactions (IRRs) reported to-date, nor have there been any treatment-related adverse events (AEs) observed.

Biomarker data characterizing initial immunologic responses for the first three patients analyzed were also shared. Absolute lymphocyte counts, or ALC, were followed over time after the administration of lymphodepleting therapy, and showed a rapid return to baseline levels for each patient assessed (range 3 to 35 days). In addition, data on T cell reconstitution after lymphodepletion demonstrated that a single infusion of NEXI-001 T cells triggered a broad, rapid and robust immune response, inclusive of both CD8+ and CD4+ T cell types. TCR analysis showed the presence, persistence, expansion and migration of individual NEXI-001 T cell clones from the peripheral blood to the bone marrow of each patient. Finally, the immune phenotype of individual T cell subtypes in each NEXI-001 product were maintained in the peripheral blood of each patient at all time points measured, up to two months. These included sustained populations of T stem-cell-like memory and T central memory subtypes.

“Early results from this Phase 1/2 trial suggest that infusion of the NEXI-001 product is well-tolerated and capable of triggering early, robust and persistent cell-mediated immune responses,” said Dr. Al Malki, the trial’s lead investigator and associate clinical professor in City of Hope’s Department of Hematology & Hematopoietic Cell Transplantation. “The initial data are encouraging, and we look forward to dosing more patients with longer follow-up in order to more fully characterize the clinical potential of this exciting new cell therapy.”

Relapse after allo-HSCT is the leading cause of death in patients with AML and represents a significant challenge for treating physicians. There are no approved therapies, and current treatment options are limited. Donor lymphocyte infusions (DLIs) represent the current standard of care but are associated with modest Graft versus Leukemia (GvL) responses and high rates of life-threatening GvHD-associated toxicities. There is significant need for new cellular therapies with potential to enhance the benefits of GvL while decreasing the incidence of GvHD-related toxicities.

Han Myint, M.D., Chief Medical Officer at NexImmune, added, “While still early in this trial, we believe the initial data reported, combined with the unique and consistent composition of each NEXI-001 product, may offer a cell therapy with potential to decouple the benefits of GvL from the toxicities associated with GvHD, which would be transformative for both allogeneic stem cell transplant patients and the physicians that provide care for them.”

About the Phase 1/2 NEXI-001 Clinical Trial

The first clinical trial with NEXI-001 is a prospective, multi-center, open-label, single-arm, dose-escalating Phase 1/2 study that aims to enroll between 22 to 28 patients. The primary objective is to assess the safety and tolerability of a single infusion of NEXI-001 T cells in patients with AML who have either minimum residual disease (MRD) or relapsed disease after a human leukocyte antigen (HLA)-matched allo-HSCT. Secondary objectives include signals of immunologic responses and preliminary anti-tumor activity. Additional analysis will assess the in vivo persistence, proliferation, functionality and TCR repertoire of NEXI-001 T cells as measured in blood and bone marrow samples.

This study includes two phases. The initial “Safety Evaluation Phase” determines the safety and tolerability of a single infusion of NEXI-001 at escalating dose levels. In the second part of the study, the “Dose Expansion Phase,” investigators further define safety and will also evaluate the initial efficacy of NEXI-001 T cells at the dose established in the Safety Evaluation Phase. Once a Recommended Phase II Dose has been determined, safety, tolerability and initial clinical response will become the objectives of the expansion phase of the trial, which is expected to begin in [the first quarter] of 2021.

NEXI-001 products contain populations of CD8+ T cells directed against HLA 02.01-restricted peptides from the WT1, PRAME and Cyclin A1 antigens, each of which is commonly over-expressed on AML blasts and leukemic stem cells. Each NEXI-001 product is composed of T cell memory subtypes that combine anti-tumor potency with long-term persistence. Of significance to this Phase 1/2 trial, each patient-specific experimental cell therapy product also contains very low proportions of T cell subtypes with potential to cause GvHD-related toxicities.

About NexImmune

NexImmune is a clinical-stage biotechnology company developing unique approaches to T cell immunotherapies based on its proprietary Artificial Immune Modulation (AIM) technology. The AIM technology is designed to generate a targeted T cell-mediated immune response and is initially being developed as a cell therapy for the treatment of hematologic malignancies. AIM nanoparticles act as synthetic dendritic cells to deliver immune-specific signals to targeted T cells and can direct the activation or suppression of cell-mediated immunity. In cancer, AIM-expanded T cells have demonstrated best-in-class anti-tumor properties as characterized by in vitro analysis, including a unique combination of anti-tumor potency, antigen target-specific killing, and long-term T cell persistence. The modular design of the AIM platform enables rapid expansion across multiple therapeutic areas, with both cell therapy and injectable products.

NexImmune’s two lead T cell therapy programs, NEXI-001 and NEXI-002, are in Phase 1/2 clinical trials for the treatment of relapsed AML after allo-HSCT and multiple myeloma refractory to at least three prior lines of therapy, respectively. The Company’s pipeline also has additional preclinical programs, including cell therapy and injectable product candidates for the treatment of solid tumors, autoimmune disorders and infectious diseases.

For more information, visit www.neximmune.com

Media Contact:

Mike Beyer
Sam Brown Inc. Healthcare Communications
312-961-2502
[email protected]

Investor
Contact:

Chad Rubin
Solebury Trout
+1-646-378-2947
[email protected] 



Analog Devices to Participate in the Barclays Global Technology, Media and Telecommunications Conference

Analog Devices to Participate in the Barclays Global Technology, Media and Telecommunications Conference

WILMINGTON, Mass.–(BUSINESS WIRE)–Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Chief Financial Officer, Prashanth Mahendra-Rajah, will speak at Barclays Global Technology, Media and Telecommunications Conference on Thursday December 10, 2020 at 12:00 p.m. Eastern time.

The webcast for the conference may be accessed live via the Investor Relations section of Analog Devices’ website at investor.analog.com. An archived replay will also be available shortly following the webcast.

About Analog Devices, Inc.

Analog Devices (Nasdaq: ADI) is a leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure, power, connect and interpret. Visit http://www.analog.com.

(ADI-WEB)

Michael Lucarelli

Senior Director of Investor Relations

Analog Devices, Inc.

781-461-3282

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Semiconductor Hardware Manufacturing Technology Engineering

MEDIA:

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Granite Awarded $101 Million Construction Manager/General Contractor Project in Southern California

Granite Awarded $101 Million Construction Manager/General Contractor Project in Southern California

WATSONVILLE, Calif.–(BUSINESS WIRE)–
Granite (NYSE:GVA) has been awarded Segment 4C (Summerland) of the Highway 101 Santa Barbara to Carpinteria Construction Manager/General Contractor (CM/GC) project by the California Department of Transportation (Caltrans). This is the second contract awarded to Granite of the five-segment $410 million CM/CG project. The $101 million contract is expected to be included in Granite’s fourth quarter 2020 backlog.

The Highway 101 Santa Barbara to Carpinteria project is the final phase of a larger program to increase safety, mobility, and provide congestion relief along U.S. Route 101 in Santa Barbara and Ventura Counties. Segment 4C adds 1.7 miles of high occupancy vehicle (HOV) lanes in Santa Barbara County to reduce traffic congestion between Santa Barbara and Ventura.

“Granite’s preconstruction team has worked hand-in-hand with Caltrans’ design team over the past 18 months to improve constructability and staging throughout this segment,” said Granite Regional Vice President Larry Camilleri. “We look forward to our continued partnership to deliver a complex project on time for Caltrans and the community of Santa Barbara County.”

“The CM/GC process facilitates increased innovation and collaboration between Caltrans and Granite which reduces construction duration, costs, and risk,” said Caltrans Acting SB 101 Corridor Manager David Emerson. “We are pleased to sustain our relationship with Granite on this multiyear project to improve our roads through SB1.”

The scope of work for Segment 4C includes the construction of a new HOV lane in each direction, reconstruction of the existing highway, and rebuilding two interchanges. The project improves motorist sight distance and enhances aesthetics throughout the corridor. Granite’s material facilities in Santa Barbara County will supply aggregates and asphalt concrete for the project.

CM/GC procurement involves the contractor during the design and planning phases, offers a lower risk profile for both the contractor and the owner, thus increasing the overall value to taxpayers.

Construction is underway and is expected to conclude in August 2023.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Lisa Curtis 831-728-7532

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Other Construction & Property Construction & Property Urban Planning

MEDIA:

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WestKam Gold Corp. Announces Director Change

VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V: WKG) (the “Company” orWestKam”), is pleased to announce that Mr. Allen Schwabe has been appointed to the Board of Directors of the Company as an independent director.   Mr. Schwabe is a licensed realtor and former President of Buellex Holdings, a privately held corporation, for 35 years. Mr. Schwabe has also served as a President, officer and/or director for several publicly traded junior mining and tech companies, with emphasis on fundraising and property acquisitions, including Canadian Golden Dragon, Hemisphere Gold Inc and Porcher Island Gold.

The Company also announces that Mr. Catalin Kilofliski has resigned as a director of the Company. The Company would like to thank Mr. Kilofliski for his contributions to the Company and wish him well in his future endeavours.

A
bout
WestKam
Gold Corp.

WestKam is a Canadian gold exploration company focused on developing the Bonaparte Gold Project near Kamloops, British Columbia. Additional information can be found on the Company’s website at www.westkamgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS





Matt Wayrynen



 
Matthew J. Wayrynen, President & CEO

WestKam Gold Corp.

Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Contact: Investor Relations
[email protected]
www.westkamgold.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the



TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-looking information


All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.
In particular, this news release contains forward-looking information regarding the Offering and the use of proceeds of the Offering.
These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
These assumptions include,
but are not limited to: TSXV acceptance of the Offering; future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the Offering.
In addition, these statements involve substantial known and
unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.



Open Lending Corporation Announces Launch of Secondary Offering and Share Repurchase

AUSTIN, Texas, Dec. 07, 2020 (GLOBE NEWSWIRE) — Open Lending Corporation, (“Open Lending”) (Nasdaq: LPRO), a leading provider of lending enablement and risk analytics to credit unions, regional banks and captive finance companies of Original Equipment Manufacturers, announced today the launch of a secondary public offering of 8,000,000 shares of its common stock. The selling stockholders have also granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock. All shares are being sold by existing stockholders, including Nebula Holdings, LLC., a True Wind Capital, L.P. managed entity, Bregal Sagemount and certain executive officers of Open Lending. Open Lending is not selling any shares and will not receive any of the proceeds of the offering.

Goldman Sachs & Co. LLC, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering.

In addition, Open Lending announced that it entered into an agreement to repurchase from the selling stockholders an aggregate number of shares of Open Lending’s common stock equal to $37.5 million at the same per share price paid by the underwriters to the selling stockholders in the offering. The share repurchase is conditioned on the closing of the offering.

This offering will be made only by means of a prospectus. Before you invest, you should read the prospectus and other documents that Open Lending has filed with the Securities and Exchange Commission (the “SEC”) for more complete information about Open Lending and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov

Alternatively, copies of the preliminary prospectus relating to the offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by email at [email protected] or by telephone at (866) 471-2526; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005, by email at [email protected] or by telephone at (800) 503-4611; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward looking statements are subject to a number of risks and uncertainties, including those factors discussed in the Company’s filings with the SEC, including those under the header “Risk Factors” in the Registration Statement on Form S-1 filed with the SEC on December 7, 2020, as amended. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

About
Open Lending Corporation

Open Lending, through its flagship product, Lenders Protection, offers loan analytics, risk-based pricing, risk modeling and default insurance, ensuring profitable auto loan portfolios for financial institutions throughout the United States. 

Investor Contact:
ICR for Open Lending Investors
[email protected]