Aug 4, 01:07 PM

Opendoor Shares Rise 14%-20% After Regaining Nasdaq Compliance, Cancels Reverse Split Meeting; Xponential Fitness Divests CycleBar and Rumble

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.

#Nasdaq #Opendoor #Xponential Fitness #XPOF #CycleBar #Rumble #Extraordinary Brands #Xponential #Investor Day

Written with ChatGPT (GPT-4).

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