Opendoor Successfully Meets Nasdaq Standards and Moves Forward

Author: Logan Wright Updated: 08-01-2025 05:17 PM

Opendoor Achieves Nasdaq Compliance and Cancels Meeting

Opendoor Technologies Inc. (“Opendoor” or the “Company”) (Nasdaq: OPEN), a prominent e-commerce platform for residential real estate transactions, has made an important announcement that signifies a positive milestone in its journey. The Company has regained compliance with Nasdaq’s minimum bid price requirement, ensuring its common stock will remain listed on the Nasdaq Global Select Market.

Understanding Compliance Requirements

To meet Nasdaq's criteria, Opendoor's shares needed to maintain a closing bid price of at least $1.00 for a consecutive period of ten business days. A recent notice from Nasdaq confirmed that Opendoor achieved this benchmark, maintaining a bid price of $1.00 or higher for twelve consecutive business days, specifically from mid-July to the end of July. This announcement effectively closes the issue that had been closely monitored.

Cancelation of the Special Meeting

In light of this compliance achievement, the Company's Board of Directors has made the strategic decision to cancel the Special Meeting of Stockholders, which was originally scheduled for later this month. This meeting was intended to discuss two proposals concerning a possible reverse stock split of Opendoor's shares. Given the successful compliance, the Board believes it is in the best interest of its stockholders to postpone any drastic measures like a reverse stock split.

About Opendoor: The Future of Real Estate

Opendoor is at the forefront of transforming the residential real estate market. Since its founding in 2014, it has strived to simplify the buying and selling process for homeowners across the nation. The Company’s mission is to power life’s progress, making transactions more accessible and secure. The team at Opendoor consists of innovative problem solvers and industry leaders committed to redefining how real estate operations are conducted today.

Opendoor provides a platform that prioritizes user experience and is committed to supporting individuals through each phase of the real estate journey. Its commitment to excellence and innovation in the real estate industry has positioned the Company as a leader in e-commerce solutions for residential transactions.

Contact Information

For further inquiries or detailed information about Opendoor, stakeholders can reach out to:

Investors:
investors@opendoor.com

Media:
press@opendoor.com

Frequently Asked Questions

What did Opendoor achieve recently?

Opendoor announced it regained compliance with Nasdaq's minimum bid price requirement, allowing its stock to remain listed.

Why was the Special Meeting of Stockholders canceled?

The meeting was canceled after Opendoor achieved compliance, making the proposed reverse stock split unnecessary.

What is Opendoor's primary mission?

Opendoor aims to simplify the buying and selling process in real estate, making transactions accessible and efficient.

How does Opendoor stabilize its stock price?

By maintaining a closing bid price of at least $1.00 for a consecutive period specified by Nasdaq regulations.

How can I learn more about Opendoor?

Further information can be found on their official website.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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