On August 12, 2026, Opendoor Technologies Inc. entered into subscription agreements to issue $650 million in aggregate principal amount of 0.00% Convertible Senior Notes due 2030. The notes carry an initial conversion price of approximately $4.71 per share and mature on August 15, 2030. Concurrently, the company intends to repurchase approximately 45.3 million shares for $158 million and enter capped call transactions costing $52.5 million with a cap price of $6.98 per share. The net proceeds are expected to add $440 million in growth capital for general corporate purposes, inventory expansion, and market footprint growth. This transaction represents the company's first-ever public share repurchase.