Opendoor declares warrant dividend, launches $1.2B convertible note repurchase via 180.6M share offering

Opendoor Technologies Inc.

Record holders of OPEN stock on Nov 18 receive three series of warrants (K, A, Z) at 1 warrant per 30 shares.
Warrant exercise prices: $9 (K), $13 (A), $17 (Z); expire Nov 20, 2026; expected Nasdaq symbols OPENW, OPENL, OPENZ.
Concurrent registered direct offering of 180.6M shares at $6.56 and repurchase of ~$264M of 2030 convertible notes for ~$1.2B.
Transactions cross-conditional, closing expected Nov 13; net zero proceeds, no material impact on cash position.
Purchasers may hedge or sell OPEN shares in open market, potentially affecting stock price.

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