Offerpad Solutions (OPAD) said late Wednesday it received a notice from the New York Stock Exchange for noncompliance with listing standards.
The company's average global market cap over 30 consecutive business days and the latest reported stockholders' equity were both under $50 million, according to a statement.
Offerpad plans to submit a proposal within 45 days of receipt of notice to regain compliance, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.