Offerpad Solutions files Form 25 to delist from NYSE
Offerpad Solutions Inc. filed a Form 25 with the SEC on Aug. 28, 2026, to remove its Class A common stock from listing and registration on the New York Stock Exchange.
What happened
Offerpad Solutions Inc., a Tempe, Arizona-based real estate company, filed a Form 25 with the U.S. Securities and Exchange Commission on Aug. 28, 2026, to delist its Class A common stock from the New York Stock Exchange.
The filing, signed by Chief Financial Officer Peter Knag, designates the company's Class A common stock, $0.0001 par value per share, as the class of securities to be struck from listing and registration. The form indicates the delisting is voluntary, as the issuer has complied with exchange rules and SEC requirements governing voluntary withdrawal.
The company's stock closed at $4.48 on the day of the filing, unchanged from the previous close.
The filing
The Form 25 is a notification required by the Securities Exchange Act of 1934 when a security is removed from exchange listing and/or registration under Section 12(b). It can be filed by either the exchange or the issuer.
In this case, the form checks the box for Section 12(d)(2)(c), which covers voluntary withdrawal by the issuer. The company certifies it has reasonable grounds to believe it meets all requirements for filing.
The filing does not state why Offerpad is delisting. The company's business is buying and selling homes directly to and from homeowners, acting as a real estate agent and manager for others.
What this means
A Form 25 is the formal mechanism to remove a security from an exchange and end its registration with the SEC. Once the filing takes effect, the stock no longer trades on the NYSE and the company's reporting obligations under Section 12(b) are suspended.
This is a voluntary delisting by the issuer, not an involuntary removal by the exchange. The company has chosen to leave the exchange, but the filing does not explain the reason.
After delisting, the stock may trade on over-the-counter markets, but the filing does not confirm that. The company's obligations to file periodic reports with the SEC may change, depending on whether it remains registered under other provisions of the Act. The filing itself does not detail next steps.
Sources
- 25 filed 2026-08-28
- Daily price history
Information summarized by AI from the sources listed above. May contain errors — informational only, not investment advice.