Opendoor Postpones Shareholder Vote After Meme-Stock Rally Helps Delay Delisting Risk

Opendoor Technologies Inc., the home-flipper turned meme stock, is postponing a shareholder vote on a reverse stock split following the recent run-up in the company’s shares.

Opendoor had previously scheduled a special meeting for Monday after Nasdaq Inc. notified the company in May that it could be delisted for failing to maintain a stock price of $1 or more.