Every 424B that Opendoor Technologies Inc (OPEN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow OPEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPEN filings page.
Opendoor Technologies Inc. is registering up to 99,295,146 shares of common stock issuable upon exercise of three series of warrants that were distributed at no charge to existing stockholders and holders of its 7.000% Convertible Senior Notes due 2030 as of November 18, 2025.
Holders received one Series K, one Series A, and one Series Z warrant for every 30 shares (or equivalent note interest), each initially exercisable for one share at cash exercise prices of $9.00, $13.00 and $17.00, respectively, with expiration on November 20, 2026 subject to early-termination triggers and possible alternate expiration dates.
Opendoor had 953,788,119 shares outstanding as of the record date, and if all 99,295,146 warrants issued in the distribution are exercised for cash, total shares outstanding would rise to 1,053,083,265 and the company expects to receive approximately $1.27 billion in gross proceeds for general corporate purposes.
Opendoor Technologies Inc. (OPEN) launched a registered direct primary offering of 180,580,200 shares of common stock at $6.56 per share. The stated offering price matches the last reported sale price on November 6, 2025. Gross proceeds are $1,184,606,112, with estimated net proceeds of approximately $1.2 billion, before applying them as described.
The company has agreed to use the net proceeds to repurchase $263,524,000 principal amount of its 7.000% Convertible Senior Notes due 2030 for an aggregate repurchase price of approximately $1.2 billion. As a result, Opendoor expects no net proceeds and no material impact on its cash position. The offering and the notes repurchase are cross‑conditional.
Settlement is expected on or about November 13, 2025 on a T+5 cycle. Shares outstanding are expected to be 952,114,257 immediately after the offering. For context, shares outstanding were 771,534,057 as of September 30, 2025.
Opendoor Technologies (OPEN) launched a registered direct primary offering of common stock via a preliminary prospectus supplement. The per‑share price will equal Nasdaq’s closing price on the supplement date. The company expects to use the net proceeds to repurchase a portion of its 7.000% Convertible Senior Notes due 2030 in privately negotiated, cross‑conditional transactions with the purchasers; after these note repurchases, Opendoor does not expect a material impact on its cash position.
The filing also provides preliminary, unaudited Q3 2025 data: revenue of $915 million, gross profit of $66 million (7.2% margin), and a net loss of $90 million. Homes sold were 2,568 and inventory at period end was $1,053 million. Non‑GAAP figures include Adjusted EBITDA of $(33) million and Contribution Margin of 2.2%.
Recent capital markets activity included issuing 21,587,667 shares under an ATM at a $9.26 average for ~$198 million gross. Opendoor also expects to declare a warrant dividend distribution with Series K/A/Z warrants (initial exercise prices $9.00, $13.00, and $17.00), record date November 18, 2025, and expected listing on Nasdaq.