Opendoor stock rises after regaining Nasdaq compliance

Investing.com -- Opendoor Technologies Inc (NASDAQ:OPEN) stock climbed 5.7% after the company announced it has regained compliance with Nasdaq’s minimum bid price requirement, allowing it to maintain its listing on the Nasdaq Global Select Market.

The e-commerce platform for residential real estate transactions received written confirmation from Nasdaq that it had satisfied the requirement by maintaining a closing bid price of at least $1.00 for 12 consecutive business days from July 15 to July 30, 2025.

Following this development, Opendoor’s Board of Directors has canceled the Special Meeting of Stockholders that was scheduled for August 27, 2025. The meeting had been called to consider proposals related to a potential reverse stock split of the company’s common stock, which is no longer necessary now that compliance has been restored.

Following a wave of retail investor enthusiasm, spurned on by EMJ Capital’s Eric Jackson’s valuation of the company and consideration of activism, the stock was beholden to wild volatility, rising over 300% before leveling out in the $2 range. Jackson was an outspoken advocate for cancelling the meeting.

The Nasdaq Stock Market requires listed companies to maintain a minimum bid price of $1.00 per share. Companies that fail to meet this requirement for an extended period risk being delisted from the exchange, which can significantly impact investor confidence and trading liquidity.

Opendoor’s successful compliance means the company can continue trading on the Nasdaq without implementing the previously considered reverse stock split, which would have reduced the number of outstanding shares to increase the per-share price.

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