June 9, 2023

Offerpad Announces Reverse Stock Split to Avoid Delisting, Shares Fall

Housing technology company

Offerpad

has announced a 1-for-15 stock split, to take effect after the market closes on Monday, June 12. The reverse split should help the company’s shares, which have traded below $1 since February, remain listed on the New York Stock Exchange. Investors, though, don’t seem thrilled by the announcement.

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