other material
confidence high
sentiment positive
materiality 0.65
Opendoor announces multi-year partnership with Zillow; issues warrant for up to 6M shares
Opendoor Technologies Inc.
- Partnership allows Zillow home sellers to request an Opendoor offer; initial five-year term.
- Opendoor issued Zillow a warrant to purchase up to 6,000,000 shares of common stock.
- Warrant exercise price per tranche equals 30-day VWAP, with floor of $15.00 and cap of $30.00.
- Zillow customers can also package with other Zillow services like financing and agent selection.