Opendoor Technologies Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

SEC Filing 8-K (0001801169-25-000069)

Opendoor Technologies Inc. announced that it has regained compliance with the Nasdaq Global Select Market's minimum bid price requirement. The company received written notice from Nasdaq confirming that its common stock maintained a closing bid price of at least $1.00 for 12 consecutive business days from July 15 to July 30, 2025. As a result, Nasdaq has closed the matter. Previously, on May 28, 2025, Nasdaq had notified Opendoor that it no longer met the minimum bid price requirement due to its stock price falling below $1.00 for 30 consecutive business days. In light of regaining compliance, the company's Board of Directors has decided to cancel the Special Meeting of Stockholders scheduled for August 27, 2025, which was intended to consider proposals related to a discretionary reverse stock split. The Board determined that proceeding with the reverse stock split is no longer necessary.