Offerpad Solutions Inc., a prominent tech-enabled platform for residential real estate, has announced a $6 million registered direct offering and concurrent private placement. The company has entered into a securities purchase agreement with an institutional investor, involving the sale of 2,857,143 shares of common stock at $2.10 per share. Additionally, Offerpad will issue warrants to the same investor, allowing the purchase of up to 1,428,571 shares at an exercise price of $2.30 per share. These warrants will become exercisable six months post-issuance and will expire four years later. The transactions are expected to close around July 25, 2025, with A.G.P./Alliance Global Partners serving as the sole placement agent. Offerpad intends to use the net proceeds for general working capital.
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