$OPEN HOD https://t.co/BEBvW9mHmb
$XPOF +3.4% [Xponential Fitness divested CycleBar & Rumble to Extraordinary Brands to focus on profitable brands and enhance operations, growth, and member experience, as emphasized during their Investor Day. Terms of the transaction were not disclosed.] https://t.co/ajTcDt0G5q https://t.co/QnH1SZ5i4y
$OPEN +5.3% [Opendoor regained Nasdaq compliance by maintaining a $1+ bid price for 12 days. As a result, the company canceled its Special Meeting of Stockholders for a reverse stock split, determining it's no longer necessary.] https://t.co/hA0lB0ItHY
Opendoor Technologies Inc. (NASDAQ: OPEN) saw its stock price rise by as much as 20% in pre-market trading after the company regained compliance with Nasdaq listing requirements by maintaining a bid price above $1 for 12 consecutive days. As a result, Opendoor canceled its previously scheduled special meeting of stockholders that was intended to approve a reverse stock split, deeming it unnecessary. Meanwhile, Xponential Fitness (NASDAQ: XPOF) announced the divestiture of its CycleBar and Rumble brands to Extraordinary Brands. This move is part of Xponential's strategy to focus on more profitable brands and improve operations, growth, and member experience, as highlighted during their recent Investor Day. The financial terms of the transaction were not disclosed.