OPENLANE said it has priced the previously announced registered public offering of 8,000,000 common shares being sold by Ignition Acquisition Holdings LP, a fund advised by Apax Partners, L.P. The shares came from Series A Convertible Preferred Stock held by Ignition that converted into OPENLANE common stock in May 2026, and the company is not issuing stock or receiving any proceeds from the sale. Subject to the offering closing, OPENLANE has authorized a concurrent purchase from the underwriter of 727,590 of the 8,000,000 shares at the same per-share price paid by the underwriter to Ignition; that repurchase is expected to close at the same time as the offering, though the offering is not conditioned on the buyback. BofA Securities is acting as underwriter, and the deal is being made through an effective SEC registration statement on Form S-3, File No. 333-277249, with a prospectus supplement to be filed.