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Offerpad Receives Notice Regarding NYSE Continued Listing Standards

1. Offerpad received NYSE notice for non-compliance due to low market capitalization. 2. Average market cap and stockholders' equity both fell below $50 million.

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FAQ

Why Very Bearish?

Non-compliance with NYSE regulations often leads to shareholder loss of confidence and may prompt selling pressure. Historical examples show that similar situations, like those faced by numerous micro-cap stocks, resulted in significant price drops and delistings.

How important is it?

This notice indicates potential financial instability, which greatly concerns investors. Maintaining a listing on NYSE is crucial for market perception and liquidity, thus affecting OPAD’s attractiveness to investors.

Why Short Term?

Immediate repercussions may occur as news spreads, affecting investor sentiment and demand. Previous cases demonstrate that such notifications lead to quick reactions in stock price within weeks.

Related Companies

TEMPE, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE: OPAD), reports that, on April 10, 2025, it received written notice (the “NYSE Notification”) from the New York Stock Exchange (“NYSE”) that the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period and, at the same time, its last reported stockholders' equity were each less than $50 mil.

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