Residential real estate co Offerpad slides on direct stock deal

Offerpad Solutions

12/01/2026 13:59

** Shares of tech-driven residential real estate co Offerpad Solutions OPAD.N down 13.7% premarket to $1.89 after equity raise news

    ** Tempe, Arizona-based iBuyer (instant buyer) firm says it sold 10 mln shares to institutional investors in direct stock offering at $1.80 for $18 mln raise

    ** OPAD shares rallied ~44% to close at $2.19 on Fri as housing-linked stocks surged on President Donald Trump's $200 bln mortgage bond-buy order

    ** Co expects to use net offering proceeds for general working capital, including supporting growth initiatives, inventory optimization, and strengthening its balance sheet

    ** It has
    ~36.9 mln shares outstanding

    ** 3 of 4 analysts covering the stock rate "hold", 1 recommends "buy"; median PT $1.75, per LSEG data

    ** Through Fri close, OPAD shares up 81% to begin the year, after shedding about 58% in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))