secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001140361-25-042984
Event type: dividend
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125042984/0001140361-25-042984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000114036125042984/ef20059583_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-042984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer