Overview
- Holders of at least 30 shares on Nov. 18 are slated to receive one each of Series K, A and Z warrants with exercise prices of $9, $13 and $17, respectively, with a planned Nov. 21 distribution.
- Opendoor says the new warrants are expected to trade under OPENW, OPENL and OPENZ subject to shareholder approval.
- CEO Kasra Nejatian purchased 125,000 shares for about $1.004 million ahead of the record date, a move disclosed in a regulatory filing.
- Shares have posted outsized 2025 gains and jumped about 24% last week, with short interest reported near 22% as traders debate squeeze potential.
- Q3 results showed revenue of $915 million versus guidance, adjusted EBITDA of negative $33 million and a per-share loss of $0.08, with year-over-year declines and a wider $90 million net loss as the company pushes AI-driven improvements.