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.

In addition, OPENLANE has authorized, subject to the completion of the offering, the concurrent purchase from the underwriter, out of the aggregate of 8,000,000 shares of common stock being sold as part of the offering, 727,590 shares of common stock at a price per share equal to the price per share to be paid by the underwriter to Ignition. The closing of the share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering. The offering is not conditioned upon the completion of the share repurchase.

BofA Securities is acting as the underwriter for the proposed secondary offering.  

The offering will be made only by means of an effective registration statement and a prospectus. OPENLANE has previously filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement (including a prospectus) on Form S-3 (File No. 333-277249), and will file a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. The offering will be made only by means of a prospectus and a related prospectus supplement relating to the offering, copies of which may be obtained from BofA Securities, 201 North Tryon Street, Charlotte, NC 28255-0001 Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com. These documents can also 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 securities, nor shall there be any sale of securities in any state or other 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 OPENLANE

OPENLANE, Inc. (NYSE: OPLN) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to certain risks, trends, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. In particular, statements made that are not historical facts (including, but not limited to, statements regarding our growth opportunities and strategies, industry outlook, competitive position, business and investment plans and initiatives, the impact of macroeconomic conditions, tariffs and global trade policy, and 2026 financial guidance) may be forward-looking statements. Words such as “should,” “may,” “will,” “would,” “anticipate,” “expect,” “project,” “intend,” “contemplate,” “plan,” “believe,” “seek,” “estimate,” “assume,” “can,” “could,” “continue,” “of the opinion,” “confident,” “is set,” “is on track,” “outlook,” “target,” “position,” “predict,” “initiative,” “goal,” “opportunity” and similar expressions identify forward-looking statements. Such statements are based on management’s current assumptions, expectations and/or beliefs, are not guarantees of future performance and are subject to substantial risks, uncertainties and changes that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the section entitled “Risk Factors” in OPENLANE’s annual and quarterly periodic reports, and in OPENLANE’s other filings and reports filed with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this release. OPENLANE undertakes no obligation to update any forward-looking statements.

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SOURCE OPENLANE, Inc.

First SI partner for Amazon Quick in Korea to support enterprise AI agent deployment — automating report writing, data analysis, and task execution

120 certified generative AI professionals on staff — strengthening enterprise AI capabilities on AWS

SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ — MegazoneCloud (CEO Doug Yeum), a leading AI and cloud company, has been selected as the first system integration (SI) partner in Korea for “Amazon Quick,” the next-generation intelligent AI assistant, by the Generative AI Innovation Center (GenAI IC) of Amazon Web Services (AWS).

Amazon Quick is an intelligent workplace assistant that connects to enterprise systems and data to learn how a company works. By connecting internal enterprise data with various business systems, it enables AI to perform tasks such as report writing, data analysis, and task execution through natural language commands alone. It adapts on its own through every interaction, delivering personalized insights and proactive suggestions, and even carrying out actual tasks — thereby supporting employee productivity and workforce transformation. Enterprises can rapidly adopt task automation and AI agent capabilities without having to develop complex AI models themselves.

As an Amazon Quick SI partner, MegazoneCloud designs and supports the deployment of Amazon Quick tailored to enterprise-specific requirements, such as large-scale user environments, internal security policies, and legacy system integration. With this selection, MegazoneCloud supports the entire process — from consulting to deployment and operations — by integrating an enterprise’s existing business systems and data with Amazon Quick so that AI agents can deliver results in real-world work.

In particular, MegazoneCloud offers the “Live in 45” program, which completes deployment, operation, and effectiveness validation within approximately 45 days, enabling companies to quickly verify the benefits of AI adoption. This program analyzes an enterprise’s business processes and data environment to design an AI application approach, and supports the validation of adoption benefits by building and operating AI agents in an actual work environment.

This partner selection is the result of AWS recognizing MegazoneCloud’s generative AI technology capabilities and its experience in building enterprise AI. MegazoneCloud has been expanding its collaboration in the AWS-based generative AI field, including being selected as the official operating partner for AWS’s “Agentic AI GameDay” this past May. In addition, the company holds 120 “AWS Certified Generative AI – Developer Professional” credentials, certifying its expertise in designing, developing, and operating AWS’s generative AI services and applications.

Jinsung Kim, Unit Leader of the Cloud Tech Unit at MegazoneCloud, said, “Companies considering the adoption of generative AI now place greater importance on how it can be applied to actual work and generate results, rather than on the technology itself. With this selection as an Amazon Quick SI partner, MegazoneCloud will leverage its proven deployment and operations methodology to design an AI agent utilization model that fits an enterprise’s work environment and data structure, and implement agentic AI solutions that create tangible business results — from complex workflow automation to insight derivation — so that customers can experience real, faster, and more certain business outcomes.”

AWS GenAI IC connects enterprises with AWS AI/ML science advisory and strategy experts so they can envision, discover, and develop generative AI solutions. The center’s Partner Innovation Alliance (PIA) combines this support framework with MegazoneCloud’s broad industry domain expertise to solve the challenges enterprises face — such as operational inefficiencies, customer experience gaps, and stalled innovation — through scalable generative AI use cases.

MegazoneCloud serves as an enterprise AI orchestrator supporting the AI transformation (AX) and business innovation of some 8,000 customers in Korea and abroad. Based on its ecosystem of major global and domestic CSPs and more than 200 ISV partners, along with its own cloud, AI, data, and security solutions, MegazoneCloud provides end-to-end services — from AI strategy formulation to data building, infrastructure modernization, and the development and operation of AI models and AI agents — so that enterprises can effectively operate complex AI environments and generate business results in the multi-agent era. Under the vision of “Transform Tomorrow, Together,” the company has established itself as a strategic partner accompanying customers’ AI innovation and growth across 10 countries, including Korea as well as North America, Japan, Southeast Asia, Oceania, and the Middle East.

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SOURCE MegazoneCloud

RackNerd’s third consecutive year of national recognition on the Inc. 5000 list highlights sustained growth and continued investment in infrastructure, technology, and customer experience.

RANCHO CUCAMONGA, Calif., Aug. 11, 2026 /PRNewswire-PRWeb/ — RackNerd LLC, a rapidly growing leader in the Infrastructure-as-a-Service (IaaS) industry, today announced its inclusion on the 2026 Inc. 5000 list, Inc. magazine’s annual ranking of the fastest-growing private companies in the United States.

RackNerd ranked No. 3,693 on the 2026 Inc. 5000 list, reflecting a three-year revenue growth rate of 72.33%. This marks the company’s third consecutive year achieving national recognition on the Inc. 5000, following its No. 1,506 ranking in 2024 and No. 3,036 ranking in 2025.

The recognition also follows RackNerd’s third consecutive placement on the Inc. Regionals: Pacific list, where the company ranked No. 90 in 2026, No. 94 in 2025, and No. 58 in 2024.

RackNerd’s continued growth reflects rising demand for reliable, scalable infrastructure supporting businesses, developers, and digital services worldwide.

“Being named to the Inc. 5000 for the third consecutive year is a meaningful milestone for RackNerd and our entire team,” said Dustin B. Cisneros, CEO of RackNerd. “Our growth has been built through disciplined reinvestment in infrastructure, technology, our people, and the customer experience. We are proud of the trust our clients place in us and remain focused on providing the reliability, performance, and support they need to grow.”

Over the past year, RackNerd has continued expanding its data center footprint, network capabilities, service offerings, and internal team to support increasing demand from businesses, developers, and organizations deploying AI, automation, and other compute-intensive workloads. By pairing these investments with scalable systems and responsive, personalized support, RackNerd continues to serve clients across a broad range of industries and geographic markets.

“Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still,” says Mike Hofman, editor-in-chief of Inc. “Their growth reflects more than strong financial performance–it reflects creativity, resilience, and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement.”

“As we look toward the remainder of 2026 and beyond, we see significant opportunity ahead for RackNerd,” Cisneros added. “The rapid evolution of AI, automation, and other compute-intensive workloads is expanding demand for reliable infrastructure, and we are continuing to build the platform, systems, and team needed to support the next generation of businesses built around these technologies. We will continue investing thoughtfully while staying true to the reliability, value, and personalized service our clients have come to expect. This recognition is an important milestone, but the most exciting chapters are still ahead.”

Complete results of the 2026 Inc. 5000, including company profiles and an interactive database sortable by industry, region, and other criteria, can be found at www.inc.com/inc5000.

RackNerd’s official Inc. 5000 profile and ranking can be viewed directly at: https://www.inc.com/profile/racknerd-llc

About RackNerd:

RackNerd LLC introduces infrastructure stability and provides Dedicated Servers, Private Cloud solutions, DRaaS (Disaster-Recovery-as-a-Service), flexible Colocation, Virtual Private Servers, and advanced DDoS Mitigation services — maintained by a team with decades of experience in managed services, datacenter operations, and Infrastructure-as-a-Service.

With an intrinsic focus on client success and growth, RackNerd has grown steadily while continuing to provide high-quality hosting services at competitive rates. For more information, please visit https://www.racknerd.com/

About Inc. and the Inc. 5000:

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

Inc. 5000 List Methodology:

Companies on the 2026 Inc. 5000 are ranked according to percentage revenue growth from 2022 to 2025. To qualify, companies must have been founded and generating revenue by March 31, 2022. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2025. Since then, some on the list may have gone public or been acquired. The minimum revenue required for 2022 is $100,000; the minimum for 2025 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

Media Contact

Dustin Cisneros, RackNerd, 1 8888816373, dustin@racknerd.com, https://www.racknerd.com/

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SOURCE RackNerd