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                                    Opendoor Technologies (NASDAQ: OPEN) has filed a preliminary proxy statement seeking shareholder approval for a potential reverse stock split at its Special Meeting on July 28, 2025. The proposed reverse split ratio ranges from 1-for-10 to 1-for-50, with the exact ratio to be determined by the Board. CFO Selim Freiha indicated the move aims to preserve Nasdaq listing and support long-term shareholder value. The Board will consider multiple factors before implementing the split, including market conditions, trading price impact, and Nasdaq listing requirements. Even if approved, the Board maintains discretion on whether and when to execute the reverse split based on the company's best interests.
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                                        7/28/2025 09:34am
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Opendoor Technologies (NASDAQ: OPEN) has filed a preliminary proxy statement seeking shareholder approval for a potential reverse stock split at its Special Meeting on July 28, 2025. The proposed reverse split ratio ranges from 1-for-10 to 1-for-50, with the exact ratio to be determined by the Board. CFO Selim Freiha indicated the move aims to preserve Nasdaq listing and support long-term shareholder value. The Board will consider multiple factors before implementing the split, including market conditions, trading price impact, and Nasdaq listing requirements. Even if approved, the Board maintains discretion on whether and when to execute the reverse split based on the company's best interests | AIME by AInvest