Opendoor Technologies Inc. has received a notice from the Nasdaq Stock Market LLC indicating that the company's common stock has failed to meet the minimum bid price requirement of $1.00 for 30 consecutive business days. Despite this issue, the company's stock will continue to trade under the symbol "OPEN" on the Nasdaq Global Select Market without any immediate effect on its listing or business operations. Opendoor has until the compliance date to rectify this situation, potentially through measures such as a reverse stock split. If compliance is not achieved, the company may apply for an additional 180-day grace period by transferring its listing to the Nasdaq Capital Market. The company is actively monitoring the situation and considering options to meet Nasdaq's requirements.
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