Opendoor distributes warrant dividend to shareholders; warrants trade on Nasdaq Nov 24

Opendoor Technologies Inc.

Distribution ratio: one Series K, A, Z warrant per 30 shares held as of Nov 18 record date.
Exercise prices: $9 (Series K), $13 (Series A), $17 (Series Z); early expiration trigger at 120% of exercise price.
Warrants expected to trade on Nasdaq starting Nov 24 under tickers OPENW, OPENL, OPENZ.
Holders of 7% convertible notes due 2030 received warrants in lieu of conversion rate adjustment.
CEO Kaz Nejatian says dividend reflects confidence in business and shareholder alignment.

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