secwatch / observer
8-K filed September 11, 2025, 7:59 PM ET ticker OPEN CIK 0001801169
leadership confidence high sentiment positive materiality 0.85

Opendoor names Shopify COO Kaz Nejatian CEO; founders Rabois, Wu return; $40M PIPE

Opendoor Technologies Inc.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Opendoor Technologies Inc. issued 751,879 shares of Common Stock of common stock to Eric Wu for aggregate investment of $5 million.

Security
common stock
Shares
751,879 shares of Common Stock
Purchaser
Eric Wu
Consideration
aggregate investment of $5 million
Exact text from the filing
On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact
View on SEC.gov
Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Opendoor Technologies Inc. issued 150,375 shares of Common Stock of common stock to certain other purchasers for aggregate investment of $1 million.

Security
common stock
Shares
150,375 shares of Common Stock
Purchaser
certain other purchasers
Consideration
aggregate investment of $1 million
Exact text from the filing
On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact
View on SEC.gov
Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Opendoor Technologies Inc. issued 5,263,158 shares of Common Stock of common stock to Khosla Ventures Opportunity III, LP for aggregate investment of $35 million.

Security
common stock
Shares
5,263,158 shares of Common Stock
Purchaser
Khosla Ventures Opportunity III, LP
Consideration
aggregate investment of $35 million
Exact text from the filing
On September 10, 2025, Opendoor Technologies Inc. (the “ Company ”) entered into Stock Purchase Agreements with Khosla Ventures Opportunity III, LP (the “ Khosla Ventures Purchase Agreement ”), Eric Wu (the “ Eric Wu Purchase Agreement ”) and certain other purchasers (the “ Other Purchase Agreements ” and together with the Khosla Ventures Purchase Agreement and the Eric Wu Purchase Agreement, the “ Purchase Agreements ”). Pursuant to the terms of the Purchase Agreements, Khosla Ventures Opportunity III, LP agreed to purchase 5,263,158 shares of common stock of the Company, par value of $0.0001 per share (the “ Common Stock ”) for an aggregate investment of $35 million in a private offering, Eric Wu agreed to purchase 751,879 shares of Common Stock for an aggregate investment of $5 million in a private offering, and certain other purchasers agreed to purchase 150,375 shares of Common Stock for an aggregate investment of $1 million in a private offering (collectively, the “ PIPE Transact
View on SEC.gov

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Opendoor Technologies Inc. filing history →

Source: SEC EDGAR
accession 0001140361-25-034609
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