Core Viewpoint - Opendoor has postponed the shareholder vote on the reverse stock split due to recent stock price volatility, which is critical for maintaining compliance with Nasdaq listing requirements [1] Group 1: Company Situation - Opendoor's stock price has surged from approximately $0.78 on July 11 to $2.54 at the close last week [1] - Nasdaq notified Opendoor in May that it might face delisting due to its stock price falling below $1 [1] - The company needs to maintain a stock price above $1 for at least 10 consecutive trading days by November 24 to regain compliance [1] Group 2: Meeting and Voting - A special meeting was initially scheduled for Monday to vote on the reverse stock split, which could help increase the stock price [1] - The board decided to delay the vote until the end of August due to the recent volatility in stock prices [1] - Nasdaq has not yet confirmed whether Opendoor meets the conditions for continued listing [1]

Group 1 - OpenDoor's stock price surged dramatically, rising from under $1 to a peak of $4.97 within six trading days from July 14 to July 21, marking an increase of over 500% in July alone [1][5] - The stock experienced extreme volatility, with a trading volume of 1.9 billion shares on July 21, leading to temporary trading halts [1] - The surge in OpenDoor's stock has drawn comparisons to past market phenomena, including the "retail investor battle against Wall Street" and the 1999 internet bubble [3] Group 2 - OpenDoor operates as an online real estate buying and selling platform, leveraging software, data science, and operational advantages to provide a customized trading experience [3] - The company has not reported any profitable fiscal year since its merger with a special purpose acquisition company in 2020, primarily generating revenue through the buying and selling price spread [3] - Recent trends indicate a significant increase in trading activity for low-priced stocks in the U.S. market, with low-priced stocks accounting for over 47% of total trading volume as of June 12, a record high [4]