Offerpad to effect 1-for-15 reverse stock split on June 12 to meet NYSE price requirement

Offerpad Solutions Inc.

Reverse split approved by stockholders and Board; ratio 1-for-15.
Effective 5:00 p.m. ET June 12; split-adjusted trading begins June 13 under OPAD, new CUSIP 67623L 307.
Every 15 warrants now exercisable for 1 share at $172.50 exercise price.
No fractional shares; cash in lieu based on closing price on June 12.
Split intended to satisfy NYSE continued listing price requirement.

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