---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-040804"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:55:41.988823+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-040804
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000114036125040804/0001140361-25-040804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000114036125040804/ny20058304x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-040804
- JSON: https://secwatch.observer/filing/0001140361-25-040804.json
- Plain text: https://secwatch.observer/filing/0001140361-25-040804.txt

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