Offerpad Q3 prelim: revenue $132.7M, net loss $11.6M; enters $15M related-party facility

Offerpad Solutions Inc.

Preliminary Q3 revenue $132.7M, net loss $11.6M, Adjusted EBITDA -$4.6M; sold 367 homes.
Entered 18-month $15M senior secured facility with a related party; $7.5M committed, $7.5M uncommitted.
Cash and equivalents $31M at Sep 30; 36.5M Class A shares outstanding as of Oct 17.
Facility borrowings accrue interest at SOFR plus variable margin, with floor rate.

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