{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-243790","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.641494+00:00","generated_at":"2026-05-17T03:16:47.796051+00:00","sec_items":["2.02","8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Offerpad Q3 prelim: revenue $132.7M, net loss $11.6M; enters $15M related-party facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-243790","json":"https://secwatch.observer/filing/0001193125-25-243790.json","markdown":"https://secwatch.observer/filing/0001193125-25-243790.md","text":"https://secwatch.observer/filing/0001193125-25-243790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525243790/0001193125-25-243790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525243790/d72059d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:16:47.796051+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}