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Investing.com -- Opendoor Technologies Inc (NASDAQ:OPEN) stock jumped 6.3% in premarket trading after the company announced it would adjourn its special stockholder meeting on reverse stock split proposals until August 27, 2025.The meeting, originally scheduled for July 28, was postponed to allow additional time to assess market conditions before voting on the proposals. The company’s board emphasized that approval would not guarantee implementation of a reverse split but would provide the option if deemed beneficial.Opendoor received notice from Nasdaq in May that it had failed to comply with listing requirements after its stock closed below $1.00 per share for 30 consecutive business days. To maintain its listing, the company must have its stock close at $1.00 or higher for at least 10 consecutive business days by November 24, 2025.The decision to adjourn comes amid significant volatility in Opendoor’s share price. The stock has seen substantial gains following bullish comments from EMJ Capital’s Eric Jackson, who has expressed interest in shareholder activism and suggested a potential value of $82 per share. Jackson has publicly opposed Opendoor’s reverse split plans, describing them as "stupid."The company cited recent stock trading volatility and its impact on share price as reasons for the postponement. As of the announcement, Opendoor had not received notification from Nasdaq that it had regained compliance with listing requirements.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.