other_material
confidence high
sentiment negative
materiality 0.65
Offerpad enters ATM offering agreement for up to $100M in common stock
Offerpad Solutions Inc.
- Opens at-the-market equity facility with Jefferies LLC for up to $100M of Class A common stock.
- Jefferies will receive 3% commission on gross sales price per share sold.
- Proceeds to be used for general corporate purposes including working capital and capex.
- Shares offered under existing shelf registration statement (S-3) effective April 2023.
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