secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001801169-22-000079
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor announces multi-year partnership with Zillow; issues warrant for up to 6M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000180116922000079/0001801169-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000180116922000079/open-20220805.htm
  HTML page:      https://secwatch.observer/filing/0001801169-22-000079

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