GlobeNewswire·Nov 6, 2025, 4:36 PM ET

Opendoor Announces Shareholder‑First Dividend of Tradable Warrants Aligning Shareholders and Management

Opendoor Technologies Inc. announced a special warrant distribution to common stockholders of record as of November 18, 2025.
Shareholders will receive three series of warrants (Series K, A, & Z) at no cost, with one of each series granted for every 30 shares held.
The warrants are expected to be distributed on or about November 21, 2025, & listed on Nasdaq under tickers OPENW, OPENL, & OPENZ.
Exercise prices are set at $9.00 for Series K, $13.00 for Series A, & $17.00 for Series Z.
Warrants will expire on November 20, 2026, unless an Early Expiration Price Condition is met, which could accelerate expiration if stock prices reach 120% of the exercise price for 20 out of 30 trading days.
The distribution is non-dilutive at issuance & provides immediate liquidity, allowing holders to sell warrants or exercise them for cash.
B. Dyson Capital Advisors & Goldman Sachs & Co. LLC are serving as financial & structuring advisors for the transaction.
Eligibility requires holding shares as of the record date; shares held in margin accounts, pledged as collateral, or on loan may not qualify.