Offerpad Solutions Inc. Files 8-K

Ticker: OPADW · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1825024

Offerpad Solutions Inc. 8-K Filing Summary
FieldDetail
CompanyOfferpad Solutions Inc. (OPADW)
Form Type8-K
Filed DateJul 2, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.0001, $200 million, $150 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-statements, sec-filing

TL;DR

Offerpad filed an 8-K on June 28, 2024, reporting a material agreement.

AI Summary

Offerpad Solutions Inc. filed an 8-K on July 2, 2024, reporting a material definitive agreement and financial statements as of June 28, 2024. The company, formerly known as Supernova Partners Acquisition Company, Inc., is based in Chandler, Arizona.

Why It Matters

This filing indicates a significant event or agreement for Offerpad Solutions Inc., requiring disclosure to investors.

Risk Assessment

Risk Level: low — This is a standard SEC filing (8-K) reporting a material definitive agreement and financial statements, which is routine for public companies.

Key Players & Entities

  • Offerpad Solutions Inc. (company) — Registrant
  • Supernova Partners Acquisition Company, Inc. (company) — Former company name
  • June 28, 2024 (date) — Date of earliest event reported
  • July 2, 2024 (date) — Filing date
  • 2150 E. Germann Road, Chandler, Arizona 85286 (address) — Principal Executive Offices

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose is to report an entry into a material definitive agreement and to provide financial statements and exhibits as of June 28, 2024.

When was the earliest event reported in this filing?

The earliest event reported was on June 28, 2024.

What was Offerpad Solutions Inc. formerly known as?

Offerpad Solutions Inc. was formerly known as Supernova Partners Acquisition Company, Inc.

Where are Offerpad Solutions Inc.'s principal executive offices located?

The principal executive offices are located at 2150 E. Germann Road, Chandler, Arizona 85286.

What is Offerpad Solutions Inc.'s IRS Employer Identification Number?

Offerpad Solutions Inc.'s IRS Employer Identification Number is 85-2800538.

Filing Stats: 664 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-02 16:17:00

Key Financial Figures

  • $0.0001 — which registered Class A common stock, $0.0001 par value per share OPAD The New Yo
  • $200 million — e senior facility committed amount from $200 million to $150 million. The foregoing does not
  • $150 million — y committed amount from $200 million to $150 million. The foregoing does not purport to be a

Filing Documents

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) The following exhibits are filed as part of this Current Report on Form 8-K: Exhibit Description 10.1 Amendment Number Five, dated June 28, 2024, to Third Amended and Restated Master Loan and Security Agreement dated as of June 7, 2022, by and among Citibank, N.A., OP SPE Borrower Parent, LLC, OP SPE PHX1, LLC, OP SPE TPA1, LLC and Wells Fargo Bank, N.A. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Offerpad Solutions Inc. Date: July 2, 2024 By: /s/ Benjamin A. Aronovitch Benjamin A. Aronovitch Chief Legal Officer and Secretary

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