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CUSIP No. 67623L 109
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13D
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Page 2 of 7 Pages
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Item 1. Security and Issuer.
This statement on Schedule 13D (the Schedule 13D) relates to the Class A common stock, par value $0.0001 per share (the
Class A Common Stock) of Offerpad Solutions Inc. (the Issuer) whose principal executive offices are located at 2150 E. German Road, Suite 1, Chandler, Arizona 85286.
Item 2. Identity and Background.
The Schedule 13D is being filed by Supernova Partners LLC, a Delaware limited liability company (the Reporting Person). The
business address of the Reporting Person is c/o Supernova Partners Acquisition Company, Inc., 4301 50th Street NW, Suite 300, PMB 1044, Washington, D.C. 20016. The Reporting Person is principally engaged in the business of investing in securities,
including of the Issuer.
The Reporting Person is governed by a board of managers consisting of four managers: Spencer M. Rascoff,
Alexander M. Klabin, Robert D. Reid and Michael S. Clifton (collectively, the Related Persons). Each of the Related Persons is a citizen of the United States. The business address of each of the Related Persons is c/o Supernova Partners
Acquisition Company, Inc., 4301 50th Street NW, Suite 300, PMB 1044, Washington, D.C. 20016, and each Related Person is principally engaged in the business of investing in securities, including of the Issuer. Each of the Related Persons disclaims
beneficial ownership of the securities that are the subject of this Schedule 13D.
During the last five years, neither the Reporting
Person nor any Related Person (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Prior to the initial public offering (the IPO) of Supernova Partners Acquisition Company, Inc. (Supernova), the
predecessor in interest to the Issuer, the Reporting Person purchased 11,500,000 shares of Class B common stock of Supernova for an aggregate purchase price of $25,000. On September 14, 2020, Supernova effectuated an 0.75-for-1 reverse split of the Class B shares. On September 24, 2020, the Reporting Person transferred 34,500 Class B shares to each of the five Supernova
independent director nominees. On October 20, 2020, Supernova effectuated a 6-for-7 stock split of the Class B shares, resulting in the Reporting Person
holding 9,861,250 shares of Class B common stock immediately prior to the IPO. The closing of the initial public offering of the Class A common stock of Supernova occurred on October 20, 2020. In connection with the closing of the
IPO, the Reporting Person purchased warrants to purchase 6,700,000 shares of Supernova Class A common stock at a price of $1.50 per warrant, that expires September 1, 2026.