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- Warrant Dividend Distribution (new) — The company declared a warrant dividend that could result in a significant number of new shares, diluting existing shareholders.
Opendoor prices $1.2B registered direct offering at $6.56/share; proceeds fully offset by convertible note repurchase
Filed November 7, 2025 · ~1 min read
Key Changes
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Opendoor is selling 180,580,200 shares at $6.56 per share in a registered direct offering, raising approximately $1.2 billion in net proceeds.
The Offering verify on EDGAR → -
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The company will use the entire net proceeds to repurchase $263.5 million principal amount of its 7.000% Convertible Senior Notes due 2030 for approximately $1.2 billion, resulting in no net cash impact.
Use of Proceeds verify on EDGAR → -
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The offering and the convertible notes repurchase are cross-conditional, meaning neither transaction will close without the other.
Use of Proceeds verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify