Workflow
Residential Real Estate E-commerce
icon
Search documents
Opendoor to Adjourn Special Meeting of Stockholders to August 27, 2025
Globenewswire· 2025-07-28 11:00
Core Viewpoint - Opendoor Technologies Inc. has announced the adjournment of its Special Meeting of Stockholders to August 27, 2025, to allow more time to assess market conditions and the company's stock price [1][5]. Proposal and Compliance - The Special Meeting was originally convened to consider two proposals regarding a discretionary reverse stock split of the company's common stock, which would only be pursued if deemed beneficial by the Board of Directors [2]. - The company received a notice from Nasdaq in May indicating non-compliance with listing rules due to its stock price being below $1.00 per share for 30 consecutive business days [3]. - To regain compliance, Opendoor's stock price must be at least $1.00 per share for a minimum of 10 consecutive business days by November 24, 2025 [4]. Meeting Details - The adjourned Special Meeting will continue to be held online, and stockholders are encouraged to vote during the adjournment period [6][7]. - The record date for stockholders entitled to vote remains June 4, 2025 [7].
Opendoor to Report Second Quarter 2025 Financial Results on August 5th, 2025
GlobeNewswire News Room· 2025-07-08 13:00
Core Viewpoint - Opendoor Technologies Inc. is set to report its second quarter 2025 financial results on August 5, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Financial Reporting - The second quarter 2025 financial results will cover the period ended June 30, 2025 [1]. - The conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) on August 5, 2025 [2]. - A live webcast of the call will be available on Opendoor's investor relations website [2]. Group 2: Company Overview - Opendoor is a leading e-commerce platform for residential real estate transactions, aiming to simplify the process of buying and selling homes [3]. - The company has been operational since 2014 and serves markets across the U.S. [3]. - Opendoor's mission is to facilitate life’s progress through real estate transactions [3].
Opendoor Announces Preliminary Proxy Filing Seeking Approval for Discretionary Reverse Stock Split
Globenewswire· 2025-06-06 20:10
Core Viewpoint - Opendoor Technologies Inc. is seeking shareholder approval for a reverse stock split to support long-term shareholder value and maintain its Nasdaq listing [2][3]. Group 1: Company Actions - The Board of Directors has proposed a reverse stock split of common stock at a ratio between 1-for-10 and 1-for-50, with the exact ratio to be determined by the Board [2]. - The decision to implement the reverse stock split will depend on various factors, including market conditions and the trading price of the common stock [3]. Group 2: Company Background - Opendoor is a leading e-commerce platform for residential real estate transactions, aiming to provide a simple and certain way for people to buy and sell homes [5]. - The company has been operational since 2014 and currently serves markets across the United States [5]. Group 3: Upcoming Events - A Special Meeting of Stockholders is scheduled for July 28, 2025, at 9:30 a.m. Pacific Time to discuss the proposed amendments [1][4].