---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-032600"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2026-08-13T10:05:25+00:00"
generated_at: "2026-08-13T10:10:07.022514+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Opendoor raises $650M 0% convertible notes, repurchases 45.3M shares (5% of float)

## Summary
- $650M 0% convertible senior notes due 2030; initial conversion price $4.71 (35% premium to $3.49 close).
- Concurrent $158M buyback of 45.3M shares at $3.49, first-ever repurchase, ~5% of shares outstanding.
- Capped calls at $6.98 cap; net proceeds ~$440M for growth; no net share issuance until $10.38/share.
- Notes mature Aug 15, 2030; redeemable after Feb 22, 2029 if stock >130% of conversion price.
- JWCA placement agent; expected close Aug 19, 2026.

## SEC filing metadata
- accession: 0001140361-26-032600
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2026-08-13T10:05:25+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000114036126032600/0001140361-26-032600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000114036126032600/ef20080105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-032600
- JSON: https://secwatch.observer/filing/0001140361-26-032600.json
- Plain text: https://secwatch.observer/filing/0001140361-26-032600.txt

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