Engagement summary
Client Background
Offerpad is a publicly traded technology-enabled real estate solutions company that pioneered direct home buying and selling. The company completed its public listing in 2021, which required complex transaction accounting under ASC 805.
Engagement Scope
Rivers & Moorehead has supported Offerpad through public-company transaction accounting, in-substance vesting analysis for rollover equity, equity award replacement under ASC 805 and ASC 718, embedded derivative analysis under ASC 815, and ongoing SEC-reporting support. R&M continues to advise on freestanding financial instruments and mezzanine equity classification.
Services Provided
- ASC 805 transaction accounting
- ASC 805 rollover equity with in-substance vesting provisions
- ASC 805 / 718 equity award replacement analysis
- ASC 815 embedded derivative identification and bifurcation
- Freestanding financial instrument analysis and classification
- IPO readiness, mezzanine equity, and ongoing SEC reporting