Offerpad Solutions (US:OPAD) Benzinga·2026-01-13 15:41Core Viewpoint - Offerpad Solutions Inc. has announced a stock sale agreement with institutional buyers, leading to a significant drop in its stock price [1][4] Group 1: Stock Offering Details - The company has entered into a securities purchase agreement for a registered direct offering of 10 million shares of common stock priced at $1.80 each, resulting in gross proceeds of approximately $18 million before fees [1] - The offering is expected to close on or about January 13, 2026, pending customary closing conditions [2] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general working capital, supporting growth initiatives, enhancing inventory optimization, and strengthening the company's balance sheet [2] Group 3: Company Operations - Offerpad operates a technology-driven platform for residential real estate transactions, aiming to simplify home buying and selling through digital solutions [3] - A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering, and the company will file a prospectus supplement with the U.S. Securities and Exchange Commission [3]