Opendoor (OPEN) prices 180.6M-share sale at $6.56, details warrant dividend after Q3 loss — What it means for investors (Nov. 8, 2025)
What happened Fresh capital maneuver (and why it’s not “new cash”)Late Friday, Opendoor filed a prospectus supplement for a registered direct sale of 180.6M shares at $6.56. The deal is cross‑conditional with a privately negotiated repurchase of $263.5M of its 2030 convertible notes for ~$1.2B. Because the equity proceeds fund the buyback, management says the transaction won’t materially change the company’s cash position after fees. Settlement is slated for Nov. 13 (T+5). SEC+2SEC+2 Special dividend in the form of warrantsSeparately, the board approved a “shareholder‑first” warrant dividend. Record date: Nov. 18, 2025. Distribution date: on or about Nov. 21, 2025.