Opendoor issues USD 650 million 0% convertible notes due 2030 in private placement

• Opendoor closed a private placement of USD 650 million 0.00% Convertible Senior Notes due 2030 on Aug. 19, 2026.
• Notes are senior unsecured obligations with no regular interest; maturity set for Aug. 15, 2030.
• Initial conversion price about USD 4.71 a share, a roughly 35% premium to the Aug. 12 close.
• Maximum 186,246,385 shares may be issued on conversion, subject to anti-dilution adjustments.
• Capped call transactions cost about USD 52.5 million; cap price initially USD 6.98 a share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-033739), on August 19, 2026, and is solely responsible for the information contained therein.