Offerpad Solutions Inc. priced a registered direct offering that will raise $18 million in gross proceeds by selling 10 million shares of common stock at $1.80 each, with the transaction expected to close on January 13, 2026. The company will use the net proceeds to fund general working capital, accelerate inventory optimization, and strengthen its balance sheet as it continues to shift toward an asset‑light business model.
The capital raise comes as Offerpad reports a challenging financial backdrop. In the fourth quarter of 2023, the company generated $240.5 million in revenue and posted a net loss of $15.4 million, while full‑year 2023 revenue totaled $1.3 billion with a net loss of $117.2 million. The new equity injection is intended to extend the firm’s runway and support the transition away from capital‑intensive iBuying toward higher‑margin service offerings such as Renovate, Direct+, and HomePro.
CEO Brian Bair said the fresh capital will allow Offerpad to invest in technology and service expansion while maintaining operational discipline. “The additional liquidity gives us the flexibility to scale our asset‑light initiatives and continue to reduce inventory levels,” Bair noted, underscoring the company’s focus on cost control and strategic growth.
The $18 million raise is part of a broader pattern of capital raises that Offerpad has pursued to shore up liquidity amid a high‑interest‑rate, low‑transaction‑volume housing market. The offering is expected to improve the company’s liquidity position, support technology investments, and help the firm navigate the ongoing shift to a more predictable, service‑centric revenue mix.
By extending its runway and providing the capital needed to accelerate its asset‑light strategy, Offerpad aims to improve margins and reduce reliance on cash‑offer operations, positioning the company for longer‑term profitability in a challenging real‑estate environment.
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