Stockholders approve issuance of 160.7 million pre-funded warrants for Class A common stock

Offerpad Solutions Inc.

Holders of ~76% voting power delivered written consent on Jan 31, 2023, approving the transaction.
Transaction entails sale of 160,742,959 pre-funded warrants to purchase Class A common stock.
No further stockholder approval required; transaction previously reported in Feb 1, 2023 8-K.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Offerpad Solutions Inc. shareholders approved Approval of the issuance of pre-funded warrants to purchase shares of Class A common stock pursuant to the Subscription Agreement dated January 31, 2023 at the 2023-01-31 meeting.

Outcome: passed
Meeting: 2023-01-31

Exact text from the filing

On January 31, 2023, stockholders of the Company (holding shares of common stock representing approximately 76% of the voting power of all outstanding shares of common stock) delivered to the Company an irrevocable written consent approving the Transaction.

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Offerpad Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-025537

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