other_material
confidence high
sentiment negative
materiality 0.75
Opendoor receives Nasdaq deficiency notice for bid price below $1.00
Opendoor Technologies Inc.
- Closing bid price of OPEN common stock below $1.00 for 30 consecutive business days.
- Given 180 calendar days, until November 24, 2025, to regain compliance.
- To cure, stock must close at $1.00+ for 10 consecutive business days.
- If not cured, may seek transfer to Nasdaq Capital Market for additional 180-day period.
- Company considering options including a reverse stock split; no assurance of compliance.
item 3.01