Recent Updates — OPAD
Peter Knag has stepped down as Chief Financial Officer of Offerpad Solutions Inc., effective October 20, 2026. His departure was not due to any disagreement regarding the company's operations or policies. Knag will remain with the firm as a Senior Advisor through November 30, 2026, to facilitate an orderly transition and is eligible for separation payments under his employment agreement. The Board of Directors appointed Andrew Pieper, currently Senior Vice President and Controller, as Interim Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer. Pieper has been with the company since May 2024 in various financial reporting roles. Offerpad Solutions Inc. operates in the real estate technology sector, providing home buying and selling services.
On October 7, 2026, OP SPE Summit, LLC, a wholly owned subsidiary of Offerpad Solutions Inc., entered into the Third Amended and Restated Revolving Loan Agreement with WHGG II Trust and Ascent Developer Solutions LLC. This agreement amends and restates the previous revolving loan facility, increasing the principal uncommitted borrowing capacity from $150 million to $200 million. The new terms include customary representations, warranties, covenants restricting additional indebtedness, and events of default allowing lenders to accelerate payments. Offerpad Solutions Inc. operates in the real estate technology sector, providing home buying and selling services.
On August 26, 2026, Offerpad Solutions Inc.'s wholly owned subsidiary, OP SPE Summit LLC, entered into a First Amendment to its Second Amended and Restated Revolving Loan Agreement with lenders WHGG II Trust and Ascent Developer Solutions LLC. This amendment increases the principal uncommitted borrowing capacity of the revolving loan from $100 million to $150 million. The agreement includes customary representations, warranties, covenants restricting indebtedness, and events of default allowing for acceleration of payments. Offerpad Solutions Inc. operates in the real estate technology sector, providing iBuying services that allow homeowners to sell their properties quickly for cash.
Offerpad Solutions Inc. announced the voluntary transfer of its Class A common stock listing from the New York Stock Exchange to The Nasdaq Capital Market. Nasdaq has approved the listing, with trading on the NYSE expected to cease at the close on August 28, 2026, and trading on Nasdaq beginning on August 31, 2026. The ticker symbol will remain OPAD. No action is required by existing stockholders regarding this administrative change in exchange venue. Offerpad Solutions Inc. operates as a real estate solutions company focused on giving homeowners more control, flexibility, and choice when buying and selling a home.
Offerpad Solutions Inc. implemented a 1-for-10 reverse stock split of its Class A common stock. The company filed a certificate of amendment on June 8, 2026, and shares began trading on a split-adjusted basis on June 9, 2026. The company operates in the real estate industry, providing a digital platform for buying and selling homes.