Opendoor Technologies Inc. announced it received written notice from The Nasdaq Stock Market LLC confirming the company has regained compliance with Nasdaq’s minimum bid price requirement. Opendoor's common stock maintained a closing bid price of at least $1.00 for 12 consecutive business days from July 15, 2025, to July 30, 2025.
As a result of regaining compliance, Nasdaq has closed the matter, and Opendoor's common stock will continue to be listed on the Nasdaq Global Select Market. This resolves the immediate threat of delisting that had prompted the consideration of a reverse stock split.
The company's Board of Directors subsequently decided to cancel the Special Meeting of Stockholders, which was scheduled for August 27, 2025, to consider the discretionary reverse stock split. The Board determined that proceeding with the reverse stock split proposal was no longer necessary at this time.
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