# Opendoor Technologies Inc. (OPENZ) — capital_raise [announced]
Source: sec.gov · situation sit_028d7b5d9a8394a5d79c · public 2662617441514795682 · retrieved 2026-08-20T13:52:46.754Z

## Overview
Opendoor Technologies Inc. is a real estate technology company that operates an iBuying platform for residential real estate transactions.

Opendoor Technologies Inc. consummated the issuance of $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due August 15, 2030, on August 19, 2026. The Notes are senior, unsecured obligations with an initial conversion rate of 212.2466 shares of common stock per $1,000 principal amount, representing an initial conversion price of approximately $4.71 per share—a 35% premium over the last reported sale price of $3.49 per share on August 12, 2026. Based on the initial conversion rate, 137,960,290 shares of common stock would be issued upon full conversion. The Notes do not bear regular interest and will not accrete; noteholders may convert only upon specified events before February 15, 2030, and at any time thereafter until maturity. The Company also entered into capped call transactions with a cap price of $6.98 per share (100% premium to the August 12 stock price) at a cost of approximately $52.5 million.

## Terms
- Counterparty: Certain investors · Deal value: $650.0M · Consideration: mixed · Premium: 35.0% · Price/share: $4.71

## Key dates
- Announced 2026-08-19 · Expiry 2030-08-15

## Timeline
- 2026-08-19 · 8-K (0001140361-26-033739): 8-K - Opendoor Technologies Inc. — *Opendoor Technologies Inc. is a real estate technology company that operates an iBuying platform for residential real estate transactions.* Opendoor Technologies Inc. consummated the issuance of $650.0 million aggregate principal amount of 0.00% Convertible Senior Notes due August 15, 2030, on August 19, 2026. The Notes are senior, unsecured obligations with an initial conversion rate of 212.2466 shares of common stock per $1,000 principal amount, representing an initial conversion price of approximately $4.71 per share—a 35% premium over the last reported sale price of $3.49 per share on August 12, 2026. Based on the initial conversion rate, 137,960,290 shares of common stock would be issued upon full conversion. The Notes do not bear regular interest and will not accrete; noteholders may convert only upon specified events before February 15, 2030, and at any time thereafter until maturity. The Company also entered into capped call transactions with a cap price of $6.98 per share (100% premium to the August 12 stock price) at a cost of approximately $52.5 million.
  https://www.sec.gov/Archives/edgar/data/1801169/0001140361-26-033739.txt

## Citations
- 0001140361-26-033739 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126033739