American internet celebrity stock Opendoor postpones shareholder vote on reverse stock split.

The American real estate online trading platform Opendoor Technology Company has postponed the shareholder vote on a reverse stock split. In recent weeks, Opendoor has become a hot stock, with its stock price rising from about 78 cents on July 11th to $2.54 at the close of last Friday. In May of this year, Nasdaq notified Opendoor that the company may be delisted because its stock price failed to maintain at $1 or above. Subsequently, Opendoor had arranged a special meeting on Monday. The reverse stock split could have raised the company's stock price to avoid delisting. A statement released by Opendoor on Monday mentioned that despite Nasdaq not yet informing Opendoor of meeting the requirements to continue listing, the recent fluctuations in the company's stock have led the board to postpone the vote on the reverse stock split proposal. Opendoor has postponed the meeting to the end of August. To regain compliance, the stock needs to maintain at $1 or above for at least 10 consecutive business days before November 24th.