Offerpad Solutions has entered into a $100M common stock sale under an existing shelf with Jefferies LLC. The company has filed a prospectus supplement with the SEC, allowing it to offer and sell shares of common stock with an aggregate offering price of up to $100M. The sale is part of the company's existing shelf registration statement, which was declared effective on April 26, 2023.
Offerpad Solutions Inc. (OPAD) has entered into a $100 million common stock sale under an existing shelf with Jefferies LLC. The company has filed a prospectus supplement with the Securities and Exchange Commission (SEC), allowing it to offer and sell shares of common stock with an aggregate offering price of up to $100 million. This sale is part of the company's existing shelf registration statement, which was declared effective on April 26, 2023 [1].
Offerpad Solutions provides a tech-enabled platform for residential real estate, offering streamlined, data-driven iBuying and real estate solutions for on-demand customers. The company's digital Solutions Center platform gives users a holistic, customer-centric experience, enabling them to efficiently sell and buy homes online with streamlined access to ancillary products and services [2].
The company operates in approximately 1,700 cities and towns across North America, providing two primary services: a cash offer service and a Flex listing service. The cash offer service allows sellers to receive a cash offer for their home through the company's website or mobile application. The Flex listing service renovates and lists a seller's home for sale. Home buyers can browse and tour homes online, get instant access to listings in certain markets, and submit purchase offers online with or without an agent.
This latest funding round is expected to support Offerpad Solutions' expansion and continued growth in the residential real estate market.
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3UK1DL:0-offerpad-solutions-enters-100-million-sale-agreement-with-jefferies-llc/
[2] https://www.marketscreener.com/news/offerpad-solutions-enters-100-million-sale-agreement-with-jefferies-llc-ce7c50dcdb81f324
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