---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-033739"
form_type: "8-K"
ticker: "OPEN"
cik: "0001801169"
company_name: "Opendoor Technologies Inc."
filed_at: "2026-08-19T20:05:38+00:00"
generated_at: "2026-08-19T20:07:17.661788+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Opendoor issues $650M 0% convertible notes due 2030; repurchases ~$158M shares

## Summary
- Issued $650M aggregate principal of 0.00% Convertible Senior Notes due 2030, maturing Aug 15, 2030.
- Initial conversion price ~$4.71/share (212.2466 shares per $1,000), a 35% premium to Aug 12 close of $3.49.
- Capped call transactions cost ~$52.5M with $6.98/share cap price to reduce dilution on conversion.
- Repurchased ~$158M of common stock at $3.49 from note participants; J. Wood Capital bought ~$25M at a discount.
- Notes senior, unsecured; convertible before Feb 15, 2030 only on certain events, then anytime until maturity.

## SEC filing metadata
- accession: 0001140361-26-033739
- form_type: 8-K
- ticker: OPEN
- cik: 0001801169
- company_name: Opendoor Technologies Inc.
- filed_at: 2026-08-19T20:05:38+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801169/000114036126033739/0001140361-26-033739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801169/000114036126033739/ef20080596_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-033739
- JSON: https://secwatch.observer/filing/0001140361-26-033739.json
- Plain text: https://secwatch.observer/filing/0001140361-26-033739.txt

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