---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-019770"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T01:59:15.784324+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Opendoor closes $325M convertible notes exchange, extending maturities and adding cash

## Summary
- Issued $325M aggregate principal of 7.000% Convertible Senior Notes due 2030.
- $245.8M exchanged for existing 0.25% 2026 notes; $79.2M issued for cash, netting ~$75.3M.
- Initial conversion price ~$1.57/share, ~80% premium over May 8 closing price of $0.872.
- Notes mature May 15, 2030; interest payable semiannually beginning Nov 15, 2025.
- Proceeds from cash portion used for general corporate purposes.

## SEC filing metadata
- accession: 0001140361-25-019770
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000114036125019770/0001140361-25-019770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000114036125019770/ef20049190_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-019770
- JSON: https://secwatch.observer/filing/0001140361-25-019770.json
- Plain text: https://secwatch.observer/filing/0001140361-25-019770.txt

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