Offerpad’s Reverse Split Survival Move

Offerpad, the struggling iBuyer, is racing against time to avoid delisting as its stock plummets below $1 for 30 straight days, triggering a NYSE warning — and a desperate one-for-ten reverse split next week. Once briefly lifted by meme stock frenzy last summer, the company’s shares have since nosedived, mirroring Opendoor’s earlier fate, though that rival dodged delisting thanks to activist-driven rallies. Both firms are battling a battered iBuying model that collapsed after pandemic-era upheaval, with Zillow and Redfin exiting the game. Offerpad’s latest earnings show declining revenue and home sales, while CEO vows efficiency; Opendoor, under new leadership, aims to break even by 2026 with AI-driven strategy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7e75e21f2c5f829c