Opendoor Meets Nasdaq Minimum Bid Price Requirement, Cancels Special Stockholder Meeting

In the stock market, rules are strict, and missing them can cost a company its place. One such rule is the Nasdaq minimum bid price rule. It says that a company’s stock must trade above $1 for at least 30 days in a row. If not, the company risks being kicked off the exchange. Opendoor, a tech-driven real estate company, was facing trouble recently when its stock price fell under $1, risking its place on the Nasdaq. Now, the company has regained compliance.

Because of this, the company canceled a special meeting it had planned for shareholders. That meeting was likely about saving its listing. But now, it’s no longer needed.

Let’s find out details, why the rule matters, how Opendoor fixed the issue, and what it could mean for the company and its investors.

What Is the Nasdaq Minimum Bid Price Rule?

We know Nasdaq requires most listed companies to keep a closing stock price at or above $1.00 per share for 30 consecutive business days. That is part of Listing Rule 5550(a)(2). If a company fails, it may face delisting. Nasdaq issues a deficiency notice when the rule is broken. 

This puts pressure on companies to act fast to regain compliance. Staying listed helps keep investor trust and liquidity.

Opendoor’s Path to Regaining Compliance

Opendoor first got a warning from Nasdaq on May 28, 2025, because its stock had traded below $1 for more than 30 days. The company’s board then set a special shareholder meeting for August 27, 2025. The main agenda was to approve a reverse stock split to raise the share price.

However, in mid-July, its stock shot up in a viral meme‑stock rally. Traders spotted very high short interest over 21% of shares were sold short. Interest from Reddit and social media traders drove the price up more than 120% in one day, and overall 376% in July. That jump pushed 

Opendoor’s stock has been above $1 for 12 straight trading days from July 15 to July 30, 2025.

Nasdaq confirmed on July 31, 2025, that Opendoor had regained compliance. The exchange closed the listing issue.

Cancellation of Special Stockholder Meeting

Once compliance was confirmed, Opendoor’s board canceled the special meeting scheduled for August 27. The meeting was meant to vote on a reverse split. But now that the stock price had stayed above $1 long enough, they saw no need to carry on.

Cancelling the meeting avoids delays and saves costs. It also signals that the board won’t make corporate changes if they aren’t needed.

Market Reaction and Stock Performance

The market liked the news. Opendoor shares rose about 5.7% on the day compliance was announced. In after‑hours trading, the stock climbed up to 6%.

The meme‑stock trading meant big swings. But overall, the rally gave Opendoor key breathing room to avoid urgent action just to stay listed. It also added short‑term momentum for investors focused on volatility plays.

Still, analysts remain cautious. The company is rated a Hold, with price targets ranging from around $1.25 to $2.00, though current trading levels are near $2.10.

Financial Health and Operational Highlights

Opendoor continues to face tough headwinds. The housing market is weak. Interest rates remain high. Inventory is constrained. Demand is soft. This has weighed on revenue and profit.

In its recent earnings, the company reported declining revenues and ongoing losses. That keeps valuations low. Analysts see limited upside unless fundamentals improve.

Still, the team is working to restore performance. They aim to refine operations, sell more homes, reduce costs, and streamline financing. These steps could help create long‑term traction beyond share price maneuvers.

Strategic Outlook: What’s Next for Opendoor?

Now that Opendoor has regained compliance, we expect the company to refocus on core business goals. This includes improving user experience and efficiency in its real estate platform.

We may see new product features or partnerships. They could expand into more markets or add services. Earnings coming in early August could also shape the narrative.

Still, risks remain. The meme‑stock jump may not sustain. Share price could dip again. That might force future actions. And the broader housing market might remain sluggish.

However, at least for now, Opendoor avoids reverse splits. It maintains a Nasdaq listing. That gives the board room to plan without emergency measures.

Wrap Up

Opendoor’s stock rally gave it the boost needed to meet Nasdaq’s $1 requirement. The company regained compliance and cancelled the planned special meeting on reverse stock splits.

We see this as a sign of regained stability. It reduces near‑term delisting risk. But the big challenges lie ahead. The company must improve its financial strength and user traction. Investors should stay watchful of earnings, cash flow, and market moves.

For now, Opendoor remains listed on Nasdaq. The reverse split is off the table. The company moves forward hopefully on firmer ground.

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Disclaimer:

This is for information only, not financial advice. Always do your research.