Offerpad Announces 1-For-15 Reverse Stock Split
Portfolio Pulse from Happy Mohamed
Offerpad Solutions Inc. (NYSE: OPAD) announced a 1-for-15 reverse stock split for its Class A and Class B common stock, effective June 12, 2023. The Class A Common Stock will trade on a reverse split-adjusted basis on the NYSE under the symbol 'OPAD'. The number of shares issuable on exercise of each warrant will be proportionately decreased.
June 08, 2023 | 8:14 pm
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NEUTRAL IMPACT
Offerpad's 1-for-15 reverse stock split may lead to short-term price fluctuations as the market adjusts to the new share structure.
Reverse stock splits can lead to short-term price fluctuations as the market adjusts to the new share structure. However, the long-term impact on the stock price will depend on the company's fundamentals and overall market conditions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100