SC 13G/A: Open Lending Corp
Ticker: LPRO · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 1806201
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Open Lending Corp.
Risk Assessment
Risk Level: low
Filing Stats: 1,516 words · 6 min read · ~5 pages · Grade level 8.3 · Accepted 2024-02-13 16:52:30
Filing Documents
- d781170dsc13ga.htm (SC 13G/A) — 65KB
- 0001193125-24-033890.txt ( ) — 67KB
From the Filing
SC 13G/A 1 d781170dsc13ga.htm SC 13G/A SC 13G/A SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* OPEN LENDING CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 68373J104 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. Beneficial ownership information contained herein is given as of the date listed above. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 Names of Reporting Persons. Working Capital Advisors (UK) Ltd. I.R.S. Identification Nos. of above persons (entities only) 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization. United Kingdom Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 shares 6 Shared Voting Power 7,088,535 shares Refer to Item 4 below. 7 Sole Dispositive Power 0 shares 8 Shared Dispositive Power 7,088,535 shares Refer to Item 4 below. 9 Aggregate Amount Beneficially Owned by Each Reporting Person 7,088,535 shares Refer to Item 4 below. 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Not applicable. 11 Percent of Class Represented by Amount in Row (9) 5.9% Refer to Item 4 below. 12 Type of Reporting Person (See Instructions) FI (Non-US Institution) 1 Names of Reporting Persons. Working Capital Management Pte. Ltd. I.R.S. Identification Nos. of above persons (entities only) 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization. Singapore Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 shares 6 Shared Voting Power 7,088,535 shares Refer to Item 4 below. 7 Sole Dispositive Power 0 shares 8 Shared Dispositive Power 7,088,535 shares Refer to Item 4 below. 9 Aggregate Amount Beneficially Owned by Each Reporting Person 7,088,535 shares Refer to Item 4 below. 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Not applicable. 11 Percent of Class Represented by Amount in Row (9) 5.9% Refer to Item 4 below. 12 Type of Reporting Person (See Instructions) FI (Non-US Institution) 1 Names of Reporting Persons. Kenneth Chan I.R.S. Identification Nos. of above persons (entities only) 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization. Singapore Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 shares 6 Shared Voting Power 7,088,535 shares Refer to Item 4 below. 7 Sole Dispositive Power 0 shares 8 Shared Dispositive Power 7,088,535 shares Refer to Item 4 below. 9 Aggregate Amount Beneficially Owned by Each Reporting Person 7,088,535 shares Refer to Item 4 below. 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) Not applicable. 11 Percent of Class Represented by Amount in Row (9) 5.9% Refer to Item 4 below. 12 Type of Reporting Person (See Instructions) IN Item1. (a) Name of Issuer Open Lending Corporation (b) Address of Issuers Principal Executive Offices 1501 S. MoPac Expressway, Suite 450 Austin, Texas 78746 Item2. (a) Name of Person Filing This Amendment No. 1 to the Schedule 13G is being filed by Working Capital Advisors (UK) Ltd. (the Investment Manager), Working Capital Management Pte. Ltd. (the Parent Company), and Kenneth Chan, who are collectively referred to as the Reporting Persons. Kenneth Chan is the sole owner of the Parent Company. The Parent Company is the sole owner of the Investment Manager. The Investment Manager serves as the investment manager to private funds that hold the securities reported herein. The Reporting Persons have entered into a Joint Filing Agreement, dated as of September 25, 2023, a copy of which was filed with the Schedule 13G filed by the Reporting Persons as Exhibit 99.1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions