secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2026-08-13T10:05:25+00:00
Accession:  0001140361-26-032600
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000114036126032600/0001140361-26-032600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000114036126032600/ef20080105_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-032600

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