Latest news with #reverse stock split
Yahoo
10 hours ago
- Business
- Yahoo
Why the Opendoor Rally Fizzled This Week
Key Points Opendoor adjourned a meeting to decide whether or not to go forward with a reverse stock split. Trading volume has been falling in the stock since it peaked on July 21. The company will report second-quarter earnings next week amid a sluggish housing market. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) soared earlier this month as meme stock investors lined up behind the stock under the guise that it could be the next Carvana. However, after Opendoor peaked on July 21, the rally continued to fade this week, even though there was little news out on the stock. Instead, investors who had bought Opendoor for less than $1 early in the rally seemed to cash in their winnings, and interest from new investors wasn't enough to push the stock higher. There was also one news item that may have weighed on the stock as well. According to data from S&P Global Market Intelligence, the stock was down 22.8% for the week as of Thursday at 1:29 p.m. ET. Is the Opendoor rally dead? On Monday, Opendoor said it would adjourn a special meeting of stockholders that was intended to determine if the company should execute a reverse stock split. The company had made the announcement about a reverse stock split back in May when the stock was trading below $1 a share. It received a letter from the Nasdaq, saying that its share price had been below $1 for 30 consecutive business days, putting it out of compliance with the exchange's standards. The shares are now above $1, and the company said in a press release that due to the recent volatility in the share price, it thought it was better to allow for more time to assess market conditions before determining whether to go forward with the reverse split. That announcement may have reminded meme investors of the reality facing Opendoor, as a reverse stock split is typically a last-ditch effort from a company to stay relevant. What this week's slide means for Opendoor Opendoor's trading volume had soared earlier in July as the stock boomed, nearly reaching 2 billion shares on July 21, the day the stock peaked. Since then, it's declined by about 40%, and volume has returned to pre-meme stock levels, a negative sign. Opendoor is set to report second-quarter earnings on Aug. 5. That could provide a catalyst for a recovery, but given the weakness in the housing market, its results are unlikely to impress. Analysts are calling for flat revenue at $1.5 billion and a loss per share of $0.02, a modest improvement from $0.04 in the quarter a year ago. Should you buy stock in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Jeremy Bowman has positions in Carvana. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy. Why the Opendoor Rally Fizzled This Week was originally published by The Motley Fool Sign in to access your portfolio
Associated Press
3 days ago
- Business
- Associated Press
FiscalNote Files Preliminary Information Statement to Authorize Process for Potential Reverse Stock Split at Board's Discretion
WASHINGTON--(BUSINESS WIRE)--Jul 29, 2025-- FiscalNote Holdings, Inc. (NYSE: NOTE) ('FiscalNote' or the 'Company'), the leading provider of AI-driven policy and regulatory intelligence solutions, today announced that it has filed a preliminary information statement with the Securities and Exchange Commission (the 'SEC'), providing notice that holders of over 67% of the voting power of its outstanding common stock have acted by written consent to authorize FiscalNote's Board of Directors (the 'Board') to effect a reverse stock split at a ratio ranging from 1:2 to 1:15, in the Board's discretion. The reverse stock split has been authorized in order to bring the company into compliance with the New York Stock Exchange ('NYSE') continued listing standard requiring listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The timing of the filing is driven by the October 10, 2025 deadline to regain compliance (the end of the 6-month cure period afforded by the NYSE) and takes into account the necessary steps to effect the split and regain compliance by that date. The Company plans to regain compliance and avoid delisting through either organic recovery of the stock price or, if necessary, a reverse split. In the event a reverse split becomes necessary, the final ratio will be determined by the Board when the Company files an amendment to its certificate of incorporation to implement the split. The split, if implemented, would not affect any shareholder's percentage ownership interests or proportionate voting power. The Company and its advisors have reviewed select market precedents, and the Company believes that a reverse split may allow the Company's common stock to be more attractive to a broader range of investors. Although numerous factors can influence post-split stock price performance (including macroeconomic and industry conditions, operating fundamentals, leverage ratio, and more), analysis of available market data suggests that effectuating a reverse split can have the following benefits: Shareholders may obtain a free copy of the preliminary proxy statement and other documents that the Company files with the SEC at the SEC's website at or on the Company's Investor Relations website at The Company will file with the SEC and distribute to its shareholders a definitive information statement, following SEC review. Completion of the proposed reverse stock split is subject to market and other customary conditions. There are no assurances that the reverse stock split will be completed, that it will result in an increased per share price or that it will achieve its other intended effects. The Board reserves the right to elect not to proceed with the split if it determines that implementing it is no longer in the best interests of the Company and its shareholders. Safe Harbor Statement Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FiscalNote's future financial or operating performance. For example, statements regarding FiscalNote's financial outlook for future periods, expectations regarding profitability, capital resources and anticipated growth in the industry in which FiscalNote operates are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'pro forma,' 'may,' 'should,' 'could,' 'might,' 'plan,' 'possible,' 'project,' 'strive,' 'budget,' 'forecast,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' 'potential' or 'continue,' or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include: These and other important factors discussed in FiscalNote's SEC filings, including its most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FiscalNote and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place reliance on forward-looking statements, which speak only as of the date they are made. FiscalNote undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. About FiscalNote FiscalNote (NYSE: NOTE) is the leading provider of AI-driven policy and regulatory intelligence solutions. By uniquely combining proprietary AI technology, comprehensive data, and decades of trusted analysis, FiscalNote helps customers efficiently manage political and business risk. Since 2013, FiscalNote has pioneered solutions that deliver critical insights, enabling effective decision making and giving organizations the competitive edge they need. Home to PolicyNote, CQ, Roll Call, VoterVoice, and many other industry-leading products and brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, and Asia. To learn more about FiscalNote and its suite of solutions, visit and follow @FiscalNote. View source version on CONTACT: Media Yojin Yoon FiscalNote [email protected] Relations Bob Burrows FiscalNote [email protected] KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY DATA ANALYTICS SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: FiscalNote Copyright Business Wire 2025. PUB: 07/29/2025 07:15 AM/DISC: 07/29/2025 07:15 AM
Yahoo
4 days ago
- Business
- Yahoo
Why Opendoor Stock Plummeted by Almost 8% on Monday
Key Points The company delayed a shareholder vote about its equity until August. It is considering a reverse stock split -- often not a good sign. 10 stocks we like better than Opendoor Technologies › Investors eagerly shut the door on real estate transaction platform developer Opendoor Technologies (NASDAQ: OPEN) on Monday. They didn't take kindly to news of an important vote on the company's future, and sent the share price down by almost 8% on the day. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) flatlined across the session, indicating that many other stocks would have been better pickups. Decision delayed Well before market open, Opendoor announced it was to adjourn the special stockholder meeting scheduled for that day. That convocation was intended for a vote on two proposals to effect a reverse stock split of the company's equity. The meeting was rescheduled for this coming Aug. 27. Opendoor investors are being polled on a pair of separate reverse-stock split plans. In its press release on the adjournment, the company stressed that approval of either won't necessarily mean ratification. In its words, "an approval would provide the company's board of directors with an option to pursue a reverse stock split only if the Board believes it is in the best interests of Opendoor and its stockholders, which includes seeking to ensure that Opendoor remains listed on Nasdaq." Nasdaq requires the closing prices of the stocks listed on its exchange to not fall below $1 per share for 30 consecutive days. Opendoor can fall back in compliance if its shares trade above that level for 10 trading days, at minimum, by Nov. 24 of this year. Doing the minimum Reverse stock splits are a common tool used by companies that find their shares underwater, i.e., below those minimum price stipulations. Although they aren't always a sign of a business in trouble, they are certainly not encouraging for shareholders or other folks who might otherwise be interested in the stock. Personally, I'd avoid Opendoor until it can right the ship with its equity. Should you invest $1,000 in Opendoor Technologies right now? Before you buy stock in Opendoor Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opendoor Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy. Why Opendoor Stock Plummeted by Almost 8% on Monday was originally published by The Motley Fool
Bloomberg
4 days ago
- Business
- Bloomberg
Opendoor Postpones Shareholder Vote After Meme-Stock Rally Helps Delay Delisting Risk
Opendoor Technologies Inc., the home-flipper turned meme stock, is postponing a shareholder vote on a reverse stock split following the recent run-up in the company's shares. Opendoor had previously scheduled a special meeting for Monday after Nasdaq Inc. notified the company in May that it could be delisted for failing to maintain a stock price of $1 or more.
Globe and Mail
24-07-2025
- Business
- Globe and Mail
AgriFORCE Announces Reverse Stock Split
VANCOUVER, British Columbia and West Palm Beach, FL, July 24, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. ('the Company') (NASDAQ: AGRI) today announced the Company's Board of Directors has approved a reverse stock split of the Company's issued and outstanding common shares whereby every nine (9) shares of its outstanding common shares will automatically be combined into one (1) common share. The reverse split was approved by the Company's shareholders on June 6, 2025 and will be effective as of the commencement of trading on July 28, 2025 at the open of market. As of the close of business on July 23, 2025, we had 7,851,398 shares of stock issued and outstanding. Post reverse split, this would equate to 872,377 shares. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). ABOUT AGRIFORCE AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is a tech company focused on building an integrated platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem – providing the best solutions to help drive value added benefits to our shareholders through use of sustainable technologies. Additional Follow AgriFORCE on Social Media: Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are identified by words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," and similar expressions. These statements involve risks, uncertainties, and other factors-some of which are beyond the Company's control-that may cause actual results to differ materially from those expressed or implied, including but not limited to our ability to mine Bitcoin profitably and certain geopolitical and other third party risks beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements and are encouraged to review the Company's periodic filings with the SEC under the heading "Risk Factors" in Forms 10-K, 10-Q, and 8-K. The Company undertakes no obligation to revise or update forward-looking statements due to new information or future developments. For more information, visit Further Information, please Contact:Investor Relations, 1-561-717-1742, info@ SOURCE: AgriFORCE Growing Systems This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
