Offerpad Solutions plunges on planned $100 million stock sale

Offerpad Solutions

28/08/2025 21:42

** Shares of real estate tech company Offerpad Solutions OPAD.N plunge 23% to $4.80 in extended trading

** OPAD unveils open market sale agreement with Jefferies to sell shares worth up to $100 million

 ** Stock closed up 85.4%, at $6.23, on Thursday

 ** Proceeds from the issuance will be used for general purposes, which include working capital and capital expenditures

** All four brokerages covering the stock rate "hold"; with a median PT of $1.15, according to data compiled by LSEG

** As of last close, OPAD shares up 118.6% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))