secwatch.observer — SEC 8-K summary
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Issuer:     Offerpad Solutions Inc. (OPAD)
CIK:        0001825024
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001193125-23-163515
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825024/000119312523163515/0001193125-23-163515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825024/000119312523163515/d508810d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-163515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer