Offerpad Solutions Inc. Files 8-K
Ticker: OPADW · Form: 8-K · Filed: Dec 6, 2024 · CIK: 1825024
| Field | Detail |
|---|---|
| Company | Offerpad Solutions Inc. (OPADW) |
| Form Type | 8-K |
| Filed Date | Dec 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $200.0 million, $45.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-statements, company-name-change
TL;DR
Offerpad filed an 8-K on Dec 4th, reporting a material agreement and financials. Formerly Supernova Partners.
AI Summary
Offerpad Solutions Inc. filed an 8-K on December 6, 2024, reporting a material definitive agreement and financial statements. The filing date is December 4, 2024, and the company's principal executive offices are located at 2150 E. Germann Road, Chandler, Arizona, 85286. The company was formerly known as Supernova Partners Acquisition Company, Inc. until September 16, 2020.
Why It Matters
This 8-K filing indicates Offerpad Solutions Inc. has entered into a significant agreement and is providing updated financial information, which is crucial for investors to assess the company's current status and future prospects.
Risk Assessment
Risk Level: low — This filing is a standard 8-K reporting a material definitive agreement and financial statements, not indicating any immediate negative events.
Key Players & Entities
- Offerpad Solutions Inc. (company) — Registrant
- Supernova Partners Acquisition Company, Inc. (company) — Former company name
- 2150 E. Germann Road, Chandler, Arizona, 85286 (location) — Principal Executive Offices
- December 4, 2024 (date) — Date of earliest event reported
- December 6, 2024 (date) — Filing date
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report the entry into a material definitive agreement and to provide financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on December 4, 2024.
What is the principal executive office address for Offerpad Solutions Inc.?
The principal executive office address for Offerpad Solutions Inc. is 2150 E. Germann Road, Suite 1, Chandler, Arizona, 85286.
What was Offerpad Solutions Inc. formerly known as?
Offerpad Solutions Inc. was formerly known as Supernova Partners Acquisition Company, Inc.
On what date was the company's name changed from Supernova Partners Acquisition Company, Inc.?
The company's name was changed from Supernova Partners Acquisition Company, Inc. on September 16, 2020.
Filing Stats: 787 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-12-06 16:06:02
Key Financial Figures
- $0.0001 — which registered Class A common stock, $0.0001 par value per share OPAD The New Yo
- $200.0 million — reto. The Amendment provides that the $200.0 million senior facility and the $45.0 million m
- $45.0 million — $200.0 million senior facility and the $45.0 million mezzanine facility (together, the "Faci
Filing Documents
- d910740d8k.htm (8-K) — 28KB
- d910740dex101.htm (EX-10.1) — 636KB
- 0001193125-24-272450.txt ( ) — 942KB
- opad-20241204.xsd (EX-101.SCH) — 3KB
- opad-20241204_lab.xml (EX-101.LAB) — 18KB
- opad-20241204_pre.xml (EX-101.PRE) — 11KB
- d910740d8k_htm.xml (XML) — 4KB
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+ First Amendment to Loan and Security Agreement, dated as of December 4, 2024, among Offerpad SPE Borrower A, LLC, as a borrower and borrower representative, SPE Lender A Trust, as Class 1 Type Lender and as Class 2 Type Lender, JPMorgan Chase Bank, N.A., as Class A Certificateholder and as administrative agent, AG Mortgage Value Partners Onshore Master Funk, LP., AG Asset Based Credit Master Fund (B), L.P. and AG Center Street Partnership, L.P, each as a Class B Certificateholder, and Computershare Trust Company, N.A., as paying agent and calculation agent. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. + Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.
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: December 6, 2024 By: /s/ Peter Knag Peter Knag Chief Financial Officer