Opendoor Distributes Special Dividend of Tradable Warrants to Shareholders

Core Points - Opendoor Technologies Inc. announced the distribution of warrants to purchase common stock to registered stockholders and certain convertible noteholders on November 21, 2025, as part of a special dividend [1][2] - Each stockholder of record as of November 18, 2025, received three series of warrants (Series K, Series A, and Series Z) at a ratio of one warrant per thirty shares held [1][3] - The CEO emphasized that this warrant dividend reflects confidence in the company's business and aims to strengthen the relationship with shareholders [2] Warrant Terms - Eligibility for receiving warrants is based on being a shareholder of record as of the Record Date, November 18, 2025 [3] - The distribution ratio is one warrant of each series for every thirty shares held, with no fractional warrants issued [3] - Exercise prices are set at $9.00 for Series K, $13.00 for Series A, and $17.00 for Series Z [3] - The warrants are exercisable for cash, with a potential for net exercise as per the warrant agreement [3] - Each series of warrants will expire on November 20, 2026, unless the Early Expiration Price Condition is met [3] - The Early Expiration Price Condition requires the daily volume-weighted average price of the common stock to meet or exceed specified trigger prices for each series [3] Additional Information - Shareholders are encouraged to review the company's Investor Relations Resource Page for more information [4] - The warrants are expected to trade on Nasdaq under the tickers OPENW (Series K), OPENL (Series A), and OPENZ (Series Z) [7] - Convertible noteholders of the 7.000% Convertible Senior Notes due 2030 received warrants on the same terms as common stockholders [7]