Opendoor Delays Reverse Split Vote to Aug. 27 After Meme-Stock Rally

Opendoor Technologies postponed a shareholder meeting that had been set for 28 July to 27 August, delaying a vote on a discretionary reverse stock split intended to shore up its share price and maintain Nasdaq listing compliance. The home-flipping platform’s stock has recently rallied amid meme-stock interest, briefly lifting the price above the exchange’s US$1 minimum. Management said the run-up reduces the immediate need for a split, but the company still faces a 24 November 2025 deadline to keep the price at or above US$1 for 10 consecutive sessions. Opendoor shares slipped roughly 4–5% after the adjournment was disclosed, paring part of the recent gains.