Offerpad Solutions Inc. (OPAD): Nasdaq/NYSE listing notice — Offerpad (OPAD) receives NYSE notice of non-compliance for stock price below $1.00

Offerpad Solutions Inc.

NYSE notified Offerpad that its Class A common stock average closing price was below $1.00 over 30 consecutive trading days.
Company intends to cure within six-month cure period; may consider reverse stock split subject to stockholder approval.
No immediate delisting; stock continues trading on NYSE during cure period.
Company notified NYSE on Nov 16, 2022 of intent to cure.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Offerpad Solutions Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

November 15, 2022, Offerpad Solutions Inc. (the “Company,” “we,” “us” or “our”) was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s Class A common stock from the NYSE. On November 16, 2022, the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with th

View on SEC.gov

Browse all listing & compliance notices →

Offerpad Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-289033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.