Offerpad Receives Notice Regarding NYSE Continued Listing Standards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
0mins
Source: Businesswire
NYSE Notification: Offerpad Solutions Inc. received a notification from the NYSE regarding non-compliance with listing standards due to its market capitalization and stockholders' equity being below $50 million, prompting the company to submit a plan to rectify the situation within 45 days.
Forward-Looking Statements: The press release includes forward-looking statements about the company's ability to regain compliance with NYSE standards and highlights various risks that could affect its future performance and profitability.
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Analyst Views on OPAD
Wall Street analysts forecast OPAD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OPAD is 2.63 USD with a low forecast of 1.75 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.160
Low
1.75
Averages
2.63
High
3.50
Current: 1.160
Low
1.75
Averages
2.63
High
3.50
About OPAD
Offerpad Solutions Inc. is an online real estate company. Through its Cash Offer service, customers complete a few steps and receive a cash offer range on their home, allowing them to schedule their home inspection on their timeline. The Company's other solutions include the B2B Renovate business, Direct+ institutional buyer program, and Agent Partnership Program. The B2B Renovate business leverages its existing logistics, operations, technology, and skill sets to provide renovation services to other businesses, allowing other companies and homeowners to utilize its renovation team to update their portfolio of homes for rent or to sell. The Direct+ institutional buyer program allows investors and single-family rental companies to purchase homes from homeowners, matching investors with sellers. The Agent Partnership Program allows partner agents to request a cash offer on behalf of their clients, list an acquired home prepared for resale, and have access to sellers in defined zones.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Offering Plan: Offerpad Solutions Inc. has entered into a securities purchase agreement with institutional investors to issue 10 million shares at $1.80 each, aiming for gross proceeds of approximately $18 million, despite market volatility, which will provide essential funding for the company.
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- Underwriter Role: A.G.P./Alliance Global Partners serves as the sole placement agent for this offering, indicating professional support in the capital markets while also showcasing confidence in Offerpad's future growth prospects.
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