SAN FRANCISCO and AUSTIN, Texas, May 08, 2020 (GLOBE NEWSWIRE) -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) ("Nebula"), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind Capital”), today announced that they have filed a business update presentation with the SEC.

Open Lending’s financial results in the first quarter of 2020 were on track to exceed expectations. The updated investor presentation provides a detailed snapshot of Open Lending’s first quarter 2020 performance as well as revising guidance for 2020 and updated projections for 2021. The update can be found in the Investor Relations section of https://www.openlending.com/.

The parties remain focused on closing the business combination by June 12, 2020 and expect a vote of the Nebula stockholders to occur before then. However, as a precautionary measure, Nebula has also filed a preliminary proxy statement to extend the time that Nebula has to complete the business combination to June 30, 2020 in case there are slight or unforeseen delays in timing.

About Open Lending

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. For more information, please visit www.OpenLending.com.

About Nebula Acquisition Corporation

Nebula Acquisition Corporation, sponsored by True Wind Capital and led by Adam H. Clammer and James H. Greene, Jr., is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the technology industry.

About True Wind Capital

True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies with a broad mandate including software, data analytics, tech-enabled services, internet, financial technology, and hardware. True Wind Capital is a value-added partner, providing support and expertise that is rooted in its teams’ 75+ years of collective investing experience. Mr. Adam H. Clammer and Mr. James H. Greene, Jr., are the founding partners of True Wind Capital.