secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2026-08-19T20:05:38+00:00
Accession:  0001140361-26-033739
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000114036126033739/0001140361-26-033739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000114036126033739/ef20080596_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-033739

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