Opendoor Technologies Inc., a prominent e-commerce platform for residential real estate transactions, has announced its compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq Global Select Market.
Opendoor shares gained 12% after jumping 14% on last Friday.
The company successfully maintained a closing bid price of at least $1.00 for 12 consecutive business days, from July 15 to July 30, 2025. This development has led to the cancellation of a previously scheduled Special Meeting of Stockholders, which was intended to discuss a potential reverse stock split. The Board of Directors concluded that the reverse stock split was unnecessary following the regained compliance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9504901-en) on August 01, 2025, and is solely responsible for the information contained therein.