---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-163515"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:12:44.841548+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-163515
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312523163515/0001193125-23-163515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312523163515/d508810d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-163515
- JSON: https://secwatch.observer/filing/0001193125-23-163515.json
- Plain text: https://secwatch.observer/filing/0001193125-23-163515.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.