---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-018030"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T01:59:31.423577+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Opendoor issues $325M of 7% convertible notes due 2030, exchanges $245.8M of 0.25% notes, raises $75.3M cash

## Summary
- $325M aggregate principal of 7.000% Convertible Senior Notes due 2030 issued; $245.8M exchanged for existing 0.25% notes due 2026, $79.2M for cash.
- Gross cash proceeds ~$75.3M from subscription transactions; net proceeds for general corporate purposes.
- Initial conversion price ~$1.57/share, ~80% premium over May 8 closing price of $0.872.
- After exchange, ~$135.4M of 2026 notes remain outstanding with terms unchanged.
- J. Wood Capital plans to purchase ~16.8M shares of common stock concurrently at a discount; agrees not to sell for 30 days.

## SEC filing metadata
- accession: 0001140361-25-018030
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000114036125018030/0001140361-25-018030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000114036125018030/ef20048700_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-018030
- JSON: https://secwatch.observer/filing/0001140361-25-018030.json
- Plain text: https://secwatch.observer/filing/0001140361-25-018030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.