Offerpad announces 1-for-10 reverse stock split effective June 8

Offerpad has announced a 1-for-10 reverse stock split that will take effect on June 8. This corporate action will consolidate ten shares of the company's common stock into one share, which is intended to increase the per-share trading price. The reverse stock split is part of Offerpad's strategy to enhance its market position and comply with listing requirements. Shareholders will receive one new share for every ten shares they currently hold following the split.

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