Offerpad Solutions Plunges 23.92% on $100M Stock Sale

On August 29, 2025, Offerpad Solutions experienced a significant drop of 23.92% in pre-market trading, marking a notable decline in its stock performance.

Offerpad Solutions Inc. recently entered into a $100 million common stock sale agreement with Jefferies LLC. This sale is part of the company's existing shelf registration statement, which was declared effective on April 26, 2023. 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 move is aimed at supporting the company's expansion and continued growth in the residential real estate market.

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. 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.