Overview
- CEO Kasra Nejatian bought 125,000 shares for $1.004 million, disclosed in an SEC filing ahead of the dividend record date.
- Shareholders of record on November 18 will receive warrant dividends payable on November 21.
- One Series K, A, and Z warrant will be issued for every 30 common shares, with exercise prices of $9, $13, and $17.
- Listing of the new warrants under tickers OPENW, OPENL, and OPENZ requires shareholder approval.
- The stock rose about 24% for the week but slipped late in the week as traders took profits and weighed dilution, following Q3 results showing $915 million in revenue and a $90 million net loss.