Securities
$3M Supernova (Offerpad) Stockholder Settlement
Last updated from the official settlement website (supernovadespacstockholdersettlement.com). Re-checked .
Supernova Class A holders who did not redeem all their shares before the 2021 Offerpad merger can claim a share of a $3M Delaware settlement.
Who qualifies and how to claim
Current Status
Claims are open, and a Claim Form is required to receive a payment. The deadline to submit a Claim Form is January 4, 2027, according to the official settlement website. The Delaware Court of Chancery has scheduled the settlement hearing for December 2, 2026, and no final approval order or payment date had been announced as of October 29, 2026.
Read the full details
What Changed Recently?
Plaintiffs filed the Stipulation and Agreement of Settlement on July 15, 2026, and on July 27, 2026 the Delaware Court of Chancery entered a Scheduling Order directing notice to the class and setting the settlement hearing. Plaintiff’s counsel published the court-ordered summary notice on September 7, 2026, which opened the claim process.
The case, In re Supernova Partners Acquisition Co. SPAC Litigation, C.A. No. 2024-0887-PAF, challenges the 2021 merger that took Offerpad public through Supernova Partners Acquisition Company, Inc., a special purpose acquisition company (SPAC). According to Offerpad’s SEC filings, the complaint filed in August 2024 alleges that the Supernova defendants breached their fiduciary duties in connection with the merger and that Offerpad-side defendants aided and abetted those breaches. The court dismissed the Offerpad-side defendants without prejudice in February 2025. No court has ruled on the merits of the allegations.
Who Qualifies?
The class covers every person who held Supernova Class A common stock as of 5:00 p.m. EDT on August 27, 2021, the redemption deadline for the Offerpad merger, either of record or beneficially, and who did not redeem all of their shares. Successors in interest who obtained shares by operation of law are included. Certain Excluded Persons, defined in the Stipulation and the full Notice, are not part of the class.
The class was certified for settlement purposes under Delaware Court of Chancery Rules 23(a), 23(b)(1) and 23(b)(2). The summary notice describes no procedure for excluding oneself from the class.
How Much Can You Get?
The settlement fund is $3,000,000 in cash. Payments come from the net settlement fund, which is what remains after any fee and expense award, administration costs and other court-approved deductions. The fund is divided among eligible claimants under a proposed Plan of Allocation set out in the full Notice, which the court will review at the settlement hearing.
The summary notice does not give an estimated per-share recovery, and the size of each payment will depend on the shares claimed and the number of valid claims. Plaintiff’s counsel will ask the court for a fee and expense award paid out of the settlement fund; the summary notice does not state the amount requested. A service award of up to $3,000 for the plaintiff, if granted, would be paid only out of the fee and expense award.
What Proof Is Required?
A completed Claim Form is required, and the settlement website states that claimants must submit genuine and sufficient documentation for all of their transactions and holdings listed on it. The online form does not ask for a notice ID or claim code. It asks for contact information; the Supernova Class A shares held at the close of the market on August 27, 2021; every purchase and sale of Supernova Class A or Offerpad common stock from then through August 26, 2024, with the exact date of each; and any Offerpad shares still held at the close of the market on August 26, 2024. The website notes that an online claim cannot be saved and finished later, and that claims may be audited. A paper Claim Form is also available on the website's documents page.
Documents & history
The public record, word for word. Every line below is what the court or the settlement administrator published; we only add short notes on what each item means. The original document has the final word, and it is always one click away.
The story so far
Claims are open until Jan 4, 2027, 64 days left. Final approval is still ahead.
- Next
- Hearing Dec 2, 2026 · in 4 weeks
Below is every step on record. The key moments come first; tap one to read about it, or pick a filter to see more. Read the graph left to right: each line is one place where things happen, the 0 court cases and the settlement’s website, and the big labelled marks are the moments that matter. Tap one to read about it. Puzzled by a word? See court words, in plain English.
- A decision by the judge
- A date to know
- Money paid out
- A request to the judge
- Paperwork or an update
- Still to come
Coming up 2
- HearingCourt hearing scheduled
Court hearing
- DeadlineDeadline coming up
Claim deadline
Nothing of this kind in the list.
Court filings come from the court's public docket through the free RECAP archive; official documents from the settlement administrator's own site. Other dates come from the official settlement site and the summary above. We show the record as published and do not interpret it for your case. Nothing here is legal advice.
Where this information comes from
- Official settlement websitewww.supernovadespacstockholdersettlement.com
Court words, in plain English What words like “motion” or “docket” mean. You never need them to file a claim.
- Attorneys’ fees money
What the lawyers for the group ask to be paid for bringing the case. It comes out of the settlement fund, and the judge decides the amount, often less than asked.
For example: The lawyers asked for a quarter of the fund in attorneys’ fees; the judge decides how much they get.
- Claim form what you fill in
The form you send to get your share of the settlement, online or by mail. Filing one is free.
For example: Send the claim form before the deadline, or you may not be paid.
- Class member you, probably
Anyone who fits the group the settlement covers. If you qualify, you are a class member, even if you never heard of the case before.
For example: If you bought the product during the years the notice lists, you are likely a class member.
- Class certification a decision
The judge agreeing that one case can speak for a whole group of people in the same situation.
For example: After class certification, the case went ahead for all the customers, not only the two who sued.
- Docket /DOK-it/ the court’s record
The court’s diary for a case: a numbered list of every paper filed and every step taken, in order.
For example: The judge’s order was added to the docket on May 20.
- ECF number /E-C-F/ a page number
ECF is the courts’ online filing system (Electronic Case Filing). "ECF 233" is item 233 on the case’s docket; "ECF 213-1" is the first attachment to item 213.
For example: A settlement agreement filed as ECF 251 is the 251st item on that case’s docket.
- Final approval hearing a date
Also called the fairness hearing: the day the judge listens to anyone with concerns, then decides whether the settlement is approved for good.
For example: The final approval hearing is usually the last big date before payments go out.
- Motion a request
A formal "please" to the judge: one side asks for something, like more time or approval of the deal. Nothing changes until the judge answers.
For example: The lawyers filed a motion to extend the claim deadline.
- Object /ob-JECT/ your choice
Staying in the settlement but telling the judge what you think should be better. You can still be paid.
For example: If you think the fees are too high, you can object before the deadline.
- Opt out your choice
Choosing to leave the settlement. You get nothing from it, but you keep your right to bring your own case.
For example: If you opt out, you will not get a payment from this settlement.
- Order a decision
The judge’s answer, and the part that counts. "Granted" means yes, "denied" means no, "granted in part" means yes to some of it.
For example: An order granting the motion means the judge said yes.
- Preliminary approval /pre-LIM-in-airy/ a decision
The judge’s first "this looks fair enough to move ahead". Notices go out and claims open, but it is not the final say.
For example: After preliminary approval in June, the claim form went online.
- RECAP /REE-cap/ a source
A free public library of federal court papers run by the non-profit Free Law Project. The court documents on this page link to its copies.
For example: We found the judge’s order in the RECAP archive.
- Service award money
A small thank-you payment to the people who brought the case on everyone’s behalf (the class representatives). It comes from the fund and the judge decides it.
For example: The two people who started the case each asked the judge for a service award.
- Settlement administrator a company
The company that runs the claims for the court: it sends the notices, checks the claims and mails the payments. Questions about your claim go to them.
For example: The settlement administrator mails the checks once the judge approves the deal.
- Unopposed /un-uh-POZED/ a word in requests
Both sides agree on the request, so it usually goes through smoothly.
For example: An unopposed motion to move a deadline is almost always granted.