On September 9, 2025, OPENLANE, Inc. agreed to repurchase 288,322 shares of Series A Convertible Preferred Stock for $482,431,500 from Apax and 45,706 shares for $76,477,055 from Periphas, with expected completion by October 20, 2025. This is a significant financial move for the company, signifying a strong capital structure strategy.