Offerpad Solutions Inc. (OPAD): Nasdaq/NYSE listing notice — Offerpad's warrants to be delisted by NYSE due to abnormally low price; common stock unaffected

Offerpad Solutions Inc.

NYSE notified Offerpad that warrants (OPADWS) are unsuitable for listing due to abnormally low prices.
NYSE will apply to SEC to delist warrants; company does not intend to appeal.
Common stock (OPAD) continues trading on NYSE and is unaffected by this action.
Each 15 warrants are exercisable for one share of common stock at $172.50/share.

item 3.01

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 delisting notice notice regarding other (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Rules: 802.01D

Exact text from the filing

November 15, 2023, Offerpad Solutions Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company’s warrants (the “Warrants”) are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, and that the NYSE Regulation has determined to commence proceedings to delist the Warrants. Every 15 Warrants are presently exercisable for one share of the Company’s Class A common stock at an exercise price per share of $172.50, ticker symbol “OPADWS.” To effect the delisting, t

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Offerpad Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-279780

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