Offerpad Announces Reverse Stock Split
Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE: OPAD), a leading tech-enabled real estate solutions company, announced today that it will effect a 1-for-10 reverse stock split (the “Reverse Stock Split”) of its Class A common stock, par value $0.0001 per share (“Common Stock”), that is expected to become effective at 5:00 p.m. Eastern Time on June 8, 2026 (the “Effective Time”).
The Company expects that its Common Stock will open for trading on the New York Stock Exchange (“NYSE”) on a reverse split-adjusted basis on June 9, 2026 under the existing trading symbol “OPAD”. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 67623L 505.
The Reverse Stock Split was approved by the Company’s stockholders at its 2026 Annual Meeting of Stockholders, held on June 3, 2026 with the final ratio determined thereafter by the Company’s board of directors. The Company will file an amendment to its Fourth Restated Certificate of Incorporation to implement the Reverse Stock Split as of the Effective Time. The Reverse Stock Split is intended to, among other things, increase the per share trading price of the Common Stock to satisfy the price requirements for continued listing on the NYSE.
