OpenWorld dual listing plans remain on track for the fourth quarter of 2026, the company said on October 25, following shareholder approval of a blockchain common-stock class. The proposed Figure OPEN listing would let investors hold and trade a blockchain-native version of existing Nasdaq-listed OPNW shares without increasing the number of shares outstanding or raising capital.
Key Takeaways
- OpenWorld still expects its Figure OPEN listing to launch in the fourth quarter of 2026.
- The planned listing would complement Nasdaq trading, with no new shares issued or capital raised.
- Shareholders approved the charter changes, but their effectiveness still requires notice and filing steps.
Table of Contents
- OpenWorld dual listing would offer two share formats
- Shareholder approval is not the final effective step
- Shareholder access details remain to come
- Conclusion
OpenWorld dual listing would offer two share formats
The proposed structure would give shareholders a choice between conventional Nasdaq-listed shares and blockchain-native shares on Figure’s On-chain Public Equity Network, known as Figure OPEN. OpenWorld said the blockchain format is designed for real-time settlement and around-the-clock trading, rather than the conventional T+1 settlement cycle.
The distinction is between how existing ownership is held and traded, not an additional equity offering. OpenWorld said its Nasdaq listing would remain in place and that the company would continue to face the same SEC reporting requirements, corporate-governance standards and investor protections.
The plan builds on an agreement with Figure Technology Solutions and a dual-listing announcement made on October 1, 2026. Chief Executive Officer and Chairman Matthew Shaw said the company remained on track to bring its shares onto Figure OPEN later in the quarter.
| Item | Details |
|---|---|
| Common Stock authorization | 675,000,000 shares upon effectiveness of the restated articles. |
| Blockchain Common Stock authorization | 500,000,000 shares upon effectiveness of the restated articles. |
| Preferred Stock authorization | 75,000,000 shares upon effectiveness of the restated articles. |
| Par value | $0.001 per share for each of the three authorized classes. |
Shareholder approval is not the final effective step
On October 16, shareholders representing approximately 57.57% of OpenWorld’s issued and outstanding common stock approved amended and restated articles of incorporation by written consent. The board had approved the changes on September 30.
The amendments authorize a new Blockchain Common Stock class that may be issued in one or more series. Authorized capital represents the maximum number of shares a company may issue; it is not the same as shares already outstanding. The expanded authorization therefore does not itself mean that the planned listing will dilute shareholders.
The articles will become effective only after the applicable Rule 14c-2 notice period and filing with the Nevada Secretary of State. OpenWorld expected mailing of its definitive Schedule 14C information statement to begin on October 26, 2026.
Shareholder access details remain to come
OpenWorld said it had appointed SEC-registered transfer agent Vinyl Equity to support records for traditional and blockchain-based shares. The company plans to provide shareholders with instructions for accessing the blockchain format.
Beyond trading, programmable smart contracts on Figure OPEN are described by Figure as tools for automating corporate actions, compliance controls and proxy materials. Those are platform capabilities, not confirmation that OpenWorld has deployed each function.
The fourth-quarter launch remains a company expectation rather than a completed listing. OpenWorld identified regulatory approvals, market conditions and technology readiness among the risks that could affect its plans.
Conclusion
The next steps for the OpenWorld dual listing are completion of the shareholder-notice process, effectiveness of the charter amendments and publication of access instructions. The company continues to target a Figure OPEN launch before the end of 2026, but has not announced a specific trading start date.
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