Offerpad Solutions Inc. announced on April 10, 2025, that it received a written notice from the New York Stock Exchange (NYSE) indicating non-compliance with Section 802.01B of the NYSE Listed Company Manual. The non-compliance stems from the company's average global market capitalization and its last reported stockholders' equity each falling below $50 million over a consecutive 30 trading-day period.
The company plans to notify the NYSE of its intention to submit a business plan to cure the deficiency and regain compliance with the NYSE's continued listing standards. This plan must be submitted within 45 days of receiving the notice and aims to demonstrate the company's ability to return to compliance within an 18-month cure period.
The NYSE notice does not have an immediate impact on the listing of Offerpad's Class A common stock. However, if the plan is not submitted on time or is not accepted by the NYSE, delisting proceedings could be initiated.
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