Offerpad Solutions to Effect 1-for-10 Reverse Stock Split
Offerpad Solutions will effect a 1-for-10 reverse stock split of its Class A common stock, par value $0.0001 per share expected to become effective on June 8. The company expects that its common stock will open for trading on the NYSE on a reverse split-adjusted basis on June 9 under the existing trading symbol "OPAD" with new CUSIP number 67623L 505. The reverse stock split is intended to increase the per share trading price of the common stock to satisfy the price requirements for continued listing on the NYSE. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the company's equity.
