secwatch.observer — SEC 8-K summary
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Issuer:     Offerpad Solutions Inc. (OPAD)
CIK:        0001825024
Form:       8-K
Filed at:   2026-06-04T20:06:03+00:00
Accession:  0001193125-26-257381
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Offerpad announces 1-for-10 reverse stock split effective June 8, 2026
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- Stockholders approved reverse split ratio range 1-for-5 to 1-for-50; board chose 1-for-10.
- Split effective 5:00 p.m. ET on June 8, 2026; trading starts on adjusted basis June 9 under OPAD.
- New CUSIP 67623L 505; intended to help meet NYSE continued listing price requirements.
- No fractional shares issued; holders receive cash in lieu at closing price on effective date.
- Outstanding warrants and equity awards proportionately adjusted; no change in percentage ownership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825024/000119312526257381/0001193125-26-257381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825024/000119312526257381/d59784d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-257381

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