Datasets:
Add raw SEC source bytes: 109 filings, 2,019 artifacts, original filenames preserved (part 8)
Browse filesThis view is limited to 50 files because it contains too many changes. See raw diff
- .gitattributes +1 -0
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.gitattributes
CHANGED
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@@ -71,3 +71,4 @@ data/raw/sec/0001801169/10-K/2026-02-19_0001801169-26-000010/source/0001801169-2
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data/raw/sec/0001801169/10-Q/2021-11-10_0001801169-21-000120/source/0001801169-21-000120.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/10-Q/2022-11-03_0001801169-22-000108/source/0001801169-22-000108.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/8-K/2025-10-01_0001801169-25-000086/source/0001801169-25-000086.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/10-Q/2021-11-10_0001801169-21-000120/source/0001801169-21-000120.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/10-Q/2022-11-03_0001801169-22-000108/source/0001801169-22-000108.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/8-K/2025-10-01_0001801169-25-000086/source/0001801169-25-000086.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/DEF-14A/2026-04-28_0001140361-26-017460/source/0001140361-26-017460.txt filter=lfs diff=lfs merge=lfs -text
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data/raw/sec/0001801169/8-K-A/2020-09-17_0001104659-20-105791/_filing.json
ADDED
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| 1 |
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{
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<HTML><HEAD><TITLE>SEC EDGAR Submission 0001104659-20-105791</TITLE>
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<!--
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<SEC-HEADER>0001104659-20-105791.hdr.sgml : 20200917
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<FILER>
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<COMPANY-DATA>
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<CONFORMED-NAME>Social Capital Hedosophia Holdings Corp. II
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<CIK>0001801169
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<ASSIGNED-SIC>6770
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<MAIL-ADDRESS>
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<STREET1>317 UNIVERSITY AVENUE, SUITE 200
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</FILER>
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</SEC-HEADER>
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-->
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</HEAD><BODY>
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<PRE><SEC-DOCUMENT>0001104659-20-105791-index.html : 20200917
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<SEC-HEADER>0001104659-20-105791.hdr.sgml : 20200917
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<ACCEPTANCE-DATETIME>20200916193800
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ACCESSION NUMBER: 0001104659-20-105791
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CONFORMED SUBMISSION TYPE: 8-K/A
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| 51 |
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PUBLIC DOCUMENT COUNT: 5
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| 52 |
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CONFORMED PERIOD OF REPORT: 20200915
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| 53 |
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ITEM INFORMATION: Entry into a Material Definitive Agreement
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| 54 |
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ITEM INFORMATION: Unregistered Sales of Equity Securities
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| 55 |
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ITEM INFORMATION: Financial Statements and Exhibits
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| 56 |
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FILED AS OF DATE: 20200917
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| 57 |
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DATE AS OF CHANGE: 20200916
|
| 58 |
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|
| 59 |
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FILER:
|
| 60 |
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|
| 61 |
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COMPANY DATA:
|
| 62 |
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COMPANY CONFORMED NAME: Social Capital Hedosophia Holdings Corp. II
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| 63 |
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CENTRAL INDEX KEY: 0001801169
|
| 64 |
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STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
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| 65 |
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IRS NUMBER: 981515020
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| 66 |
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STATE OF INCORPORATION: DE
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| 67 |
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FISCAL YEAR END: 1231
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| 68 |
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| 69 |
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FILING VALUES:
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| 70 |
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FORM TYPE: 8-K/A
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| 71 |
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SEC ACT: 1934 Act
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| 72 |
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SEC FILE NUMBER: 001-39253
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| 73 |
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FILM NUMBER: 201179807
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| 74 |
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| 75 |
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BUSINESS ADDRESS:
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| 76 |
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STREET 1: 317 UNIVERSITY AVENUE, SUITE 200
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| 77 |
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CITY: PALO ALTO
|
| 78 |
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STATE: CA
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| 79 |
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ZIP: 94301
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| 80 |
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BUSINESS PHONE: (650) 388-5937
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| 81 |
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|
| 82 |
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MAIL ADDRESS:
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| 83 |
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STREET 1: 317 UNIVERSITY AVENUE, SUITE 200
|
| 84 |
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CITY: PALO ALTO
|
| 85 |
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STATE: CA
|
| 86 |
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ZIP: 94301
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| 87 |
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</SEC-HEADER>
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| 88 |
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<DOCUMENT>
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| 89 |
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<TYPE>8-K/A
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| 90 |
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<SEQUENCE>1
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| 91 |
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<FILENAME>tm2030935d1_8ka.htm
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| 92 |
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<DESCRIPTION>FORM 8-K/A
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| 93 |
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<TEXT>
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| 94 |
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<a href="tm2030935d1_8ka.htm">Document 1 - file: tm2030935d1_8ka.htm</a><br>
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| 95 |
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</DOCUMENT>
|
| 96 |
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<DOCUMENT>
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| 97 |
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<TYPE>EX-2.1
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| 98 |
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<SEQUENCE>2
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| 99 |
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<FILENAME>tm2030935d1_ex2-1.htm
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| 100 |
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<DESCRIPTION>EXHIBIT 2.1
|
| 101 |
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<TEXT>
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| 102 |
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<a href="tm2030935d1_ex2-1.htm">Document 2 - file: tm2030935d1_ex2-1.htm</a><br>
|
| 103 |
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</DOCUMENT>
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| 104 |
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<DOCUMENT>
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| 105 |
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<TYPE>EX-10.1
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| 106 |
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<SEQUENCE>3
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| 107 |
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<FILENAME>tm2030935d1_ex10-1.htm
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| 108 |
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<DESCRIPTION>EXHIBIT 10.1
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| 109 |
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<TEXT>
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| 110 |
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<a href="tm2030935d1_ex10-1.htm">Document 3 - file: tm2030935d1_ex10-1.htm</a><br>
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| 111 |
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</DOCUMENT>
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| 112 |
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<DOCUMENT>
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| 113 |
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<TYPE>EX-10.2
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| 114 |
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<SEQUENCE>4
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| 115 |
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<FILENAME>tm2030935d1_ex10-2.htm
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| 116 |
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<DESCRIPTION>EXHIBIT 10.2
|
| 117 |
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<TEXT>
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| 118 |
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<a href="tm2030935d1_ex10-2.htm">Document 4 - file: tm2030935d1_ex10-2.htm</a><br>
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| 119 |
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</DOCUMENT>
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| 120 |
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<DOCUMENT>
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| 121 |
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<TYPE>EX-10.3
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| 122 |
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<SEQUENCE>5
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| 123 |
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<FILENAME>tm2030935d1_ex10-3.htm
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| 124 |
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<DESCRIPTION>EXHIBIT 10.3
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| 125 |
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<TEXT>
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| 126 |
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<a href="tm2030935d1_ex10-3.htm">Document 5 - file: tm2030935d1_ex10-3.htm</a><br>
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| 127 |
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</DOCUMENT>
|
| 128 |
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ADDED
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| 1 |
+
<DOCUMENT>
|
| 2 |
+
<TYPE>8-K/A
|
| 3 |
+
<SEQUENCE>1
|
| 4 |
+
<FILENAME>tm2030935d1_8ka.htm
|
| 5 |
+
<DESCRIPTION>FORM 8-K/A
|
| 6 |
+
<TEXT>
|
| 7 |
+
<HTML>
|
| 8 |
+
<HEAD>
|
| 9 |
+
<TITLE></TITLE>
|
| 10 |
+
</HEAD>
|
| 11 |
+
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
|
| 12 |
+
|
| 13 |
+
<P STYLE="margin: 0"></P>
|
| 14 |
+
|
| 15 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
|
| 16 |
+
|
| 17 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
|
| 18 |
+
|
| 19 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 20 |
+
|
| 21 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
|
| 22 |
+
|
| 23 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
|
| 24 |
+
|
| 25 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>
|
| 26 |
+
|
| 27 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
|
| 28 |
+
|
| 29 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>
|
| 30 |
+
|
| 31 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 32 |
+
|
| 33 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 34 |
+
|
| 35 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 36 |
+
|
| 37 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K/A</B></P>
|
| 38 |
+
|
| 39 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. 1)</B></P>
|
| 40 |
+
|
| 41 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 42 |
+
|
| 43 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 44 |
+
|
| 45 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 46 |
+
|
| 47 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>
|
| 48 |
+
|
| 49 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(D) </B></P>
|
| 50 |
+
|
| 51 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934
|
| 52 |
+
</B></P>
|
| 53 |
+
|
| 54 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 55 |
+
|
| 56 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
|
| 57 |
+
reported): September 15, 2020</B></P>
|
| 58 |
+
|
| 59 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 60 |
+
|
| 61 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 62 |
+
|
| 63 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 64 |
+
|
| 65 |
+
<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Social Capital Hedosophia Holdings Corp.
|
| 66 |
+
II</B></P>
|
| 67 |
+
|
| 68 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
|
| 69 |
+
in its charter) </B></P>
|
| 70 |
+
|
| 71 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 72 |
+
|
| 73 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 74 |
+
|
| 75 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 76 |
+
|
| 77 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 78 |
+
<TR>
|
| 79 |
+
<TD STYLE="vertical-align: top; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Cayman Islands</B></FONT></TD>
|
| 80 |
+
<TD STYLE="vertical-align: bottom; width: 2%; font-size: 10pt; text-align: center"> </TD>
|
| 81 |
+
<TD STYLE="vertical-align: top; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-39253</B></FONT></TD>
|
| 82 |
+
<TD STYLE="vertical-align: bottom; width: 2%; font-size: 10pt; text-align: center"> </TD>
|
| 83 |
+
<TD STYLE="vertical-align: top; width: 32%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>98-1515020</B></FONT></TD></TR>
|
| 84 |
+
<TR>
|
| 85 |
+
<TD STYLE="vertical-align: top">
|
| 86 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or other jurisdiction</B></P>
|
| 87 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of incorporation)</B></P></TD>
|
| 88 |
+
<TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center"> </TD>
|
| 89 |
+
<TD STYLE="vertical-align: top">
|
| 90 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Commission</B></P>
|
| 91 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>File Number)</B></P></TD>
|
| 92 |
+
<TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center"> </TD>
|
| 93 |
+
<TD STYLE="vertical-align: top">
|
| 94 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(I.R.S. Employer</B></P>
|
| 95 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Identification No.) </B></P></TD></TR>
|
| 96 |
+
</TABLE>
|
| 97 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 98 |
+
|
| 99 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 100 |
+
<TR>
|
| 101 |
+
<TD STYLE="vertical-align: top; width: 49%">
|
| 102 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>317 University Ave, Suite 200</B></P>
|
| 103 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Palo Alto, California </B></P></TD>
|
| 104 |
+
<TD STYLE="vertical-align: bottom; width: 2%; text-align: center"> </TD>
|
| 105 |
+
<TD STYLE="vertical-align: bottom; width: 49%; text-align: center"><FONT STYLE="font-size: 10pt"><B>94301</B></FONT></TD></TR>
|
| 106 |
+
<TR>
|
| 107 |
+
<TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Address of principal executive offices)</B></FONT></TD>
|
| 108 |
+
<TD STYLE="vertical-align: bottom; text-align: center"> </TD>
|
| 109 |
+
<TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Zip Code)</B></FONT></TD></TR>
|
| 110 |
+
</TABLE>
|
| 111 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 112 |
+
|
| 113 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(650) 521-9007</B></P>
|
| 114 |
+
|
| 115 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Registrant's telephone number, including
|
| 116 |
+
area code) </B></P>
|
| 117 |
+
|
| 118 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 119 |
+
|
| 120 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable </B></P>
|
| 121 |
+
|
| 122 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Former name or former address, if changed
|
| 123 |
+
since last report) </B></P>
|
| 124 |
+
|
| 125 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 126 |
+
|
| 127 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 128 |
+
|
| 129 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0">Check the appropriate box below if the Form 8-K is
|
| 130 |
+
intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:</P>
|
| 131 |
+
|
| 132 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0"> </P>
|
| 133 |
+
|
| 134 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 135 |
+
<TR STYLE="vertical-align: top">
|
| 136 |
+
<TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">x</FONT></FONT></TD>
|
| 137 |
+
<TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
|
| 138 |
+
</TABLE>
|
| 139 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 140 |
+
|
| 141 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 142 |
+
<TR STYLE="vertical-align: top">
|
| 143 |
+
<TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">¨</FONT></TD>
|
| 144 |
+
<TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
|
| 145 |
+
</TABLE>
|
| 146 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 147 |
+
|
| 148 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 149 |
+
<TR STYLE="vertical-align: top">
|
| 150 |
+
<TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">¨</FONT></TD>
|
| 151 |
+
<TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
|
| 152 |
+
</TABLE>
|
| 153 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 154 |
+
|
| 155 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 156 |
+
<TR STYLE="vertical-align: top">
|
| 157 |
+
<TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">¨</FONT></TD>
|
| 158 |
+
<TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
|
| 159 |
+
</TABLE>
|
| 160 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 161 |
+
|
| 162 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</P>
|
| 163 |
+
|
| 164 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 165 |
+
|
| 166 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 167 |
+
<TR STYLE="vertical-align: bottom">
|
| 168 |
+
<TD STYLE="width: 48%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title of each class</B></FONT></TD>
|
| 169 |
+
<TD STYLE="width: 1%; text-align: center"> </TD>
|
| 170 |
+
<TD STYLE="width: 25%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Trading Symbol(s)</B></FONT></TD>
|
| 171 |
+
<TD STYLE="width: 1%; text-align: center"> </TD>
|
| 172 |
+
<TD STYLE="width: 25%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name of each exchange on which registered</B></FONT></TD></TR>
|
| 173 |
+
<TR STYLE="vertical-align: top">
|
| 174 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one Warrant to purchase one Class A ordinary share</FONT></TD>
|
| 175 |
+
<TD STYLE="text-align: center"> </TD>
|
| 176 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">IPOB.U</FONT></TD>
|
| 177 |
+
<TD STYLE="text-align: center"> </TD>
|
| 178 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">New York Stock Exchange</FONT></TD></TR>
|
| 179 |
+
<TR STYLE="vertical-align: top">
|
| 180 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Class A ordinary shares, $0.0001 par value per share</FONT></TD>
|
| 181 |
+
<TD STYLE="text-align: center"> </TD>
|
| 182 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">IPOB</FONT></TD>
|
| 183 |
+
<TD STYLE="text-align: center"> </TD>
|
| 184 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">New York Stock Exchange</FONT></TD></TR>
|
| 185 |
+
<TR STYLE="vertical-align: top">
|
| 186 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Warrants to purchase Class A ordinary shares</FONT></TD>
|
| 187 |
+
<TD STYLE="text-align: center"> </TD>
|
| 188 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">IPOB.WS</FONT></TD>
|
| 189 |
+
<TD STYLE="text-align: center"> </TD>
|
| 190 |
+
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">New York Stock Exchange</FONT></TD></TR>
|
| 191 |
+
</TABLE>
|
| 192 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 193 |
+
|
| 194 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
|
| 195 |
+
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
|
| 196 |
+
Exchange Act of 1934 (§240.12b-2 of this chapter).</P>
|
| 197 |
+
|
| 198 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 199 |
+
|
| 200 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">x</FONT></FONT></P>
|
| 201 |
+
|
| 202 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 203 |
+
|
| 204 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
|
| 205 |
+
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
|
| 206 |
+
provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">¨</FONT></P>
|
| 207 |
+
|
| 208 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 209 |
+
|
| 210 |
+
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid"> </DIV></DIV><!-- Field: /Rule-Page -->
|
| 211 |
+
|
| 212 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
| 213 |
+
|
| 214 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 215 |
+
|
| 216 |
+
|
| 217 |
+
<!-- Field: Page; Sequence: 1; Options: NewSection -->
|
| 218 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 219 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 220 |
+
<!-- Field: /Page -->
|
| 221 |
+
|
| 222 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 223 |
+
|
| 224 |
+
|
| 225 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Explanatory Note</B></P>
|
| 226 |
+
|
| 227 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 228 |
+
|
| 229 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment amends
|
| 230 |
+
the Current Report on <A HREF="http://www.sec.gov/Archives/edgar/data/1801169/000110465920105058/tm2030504d1_8k.htm" STYLE="-sec-extract: exhibit">Form 8-K</A> of Social Capital Hedosophia Holdings Corp. II, filed with the Securities Exchange Commission (the
|
| 231 |
+
"<U>SEC</U>") on September 15, 2020 (the "<U>September 15 Current Report</U>"), in which Social Capital Hedosophia
|
| 232 |
+
Holdings Corp. II reported, among other events, the execution of the Merger Agreement (as defined below).</P>
|
| 233 |
+
|
| 234 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 235 |
+
|
| 236 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>
|
| 237 |
+
|
| 238 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 239 |
+
|
| 240 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Merger Agreement</B></P>
|
| 241 |
+
|
| 242 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
|
| 243 |
+
|
| 244 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Social Capital Hedosophia
|
| 245 |
+
Holdings Corp. II is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting
|
| 246 |
+
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
|
| 247 |
+
("<U>SCH</U>"). As previously disclosed in the September 15 Current Report, on September 15, 2020, SCH entered into an
|
| 248 |
+
Agreement and Plan of Merger (the "<U>Merger Agreement</U>") with Hestia Merger Sub Inc., a Delaware corporation and
|
| 249 |
+
a direct wholly owned subsidiary of SCH ("<U>Merger Sub</U>") and Opendoor Labs Inc., a Delaware corporation ("<U>Opendoor</U>").</P>
|
| 250 |
+
|
| 251 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 252 |
+
|
| 253 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The Merger</I></B></P>
|
| 254 |
+
|
| 255 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I> </I></B></P>
|
| 256 |
+
|
| 257 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 258 |
+
provides that, among other things and upon the terms and subject to the conditions thereof, the following transactions will occur
|
| 259 |
+
(together with the other agreements and transactions contemplated by the Merger Agreement, the "<U>Business Combination</U>"):</P>
|
| 260 |
+
|
| 261 |
+
|
| 262 |
+
|
| 263 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 264 |
+
|
| 265 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0.5in; text-align: justify">(i) at
|
| 266 |
+
the closing of the transactions contemplated by the Merger Agreement (the "<U>Closing</U>"), upon the terms and subject
|
| 267 |
+
to the conditions of the Merger Agreement, (x) in accordance with the Delaware General Corporation Law, as amended ("<U>DGCL</U>"),
|
| 268 |
+
Merger Sub will merge with and into Opendoor, the separate corporate existence of Merger Sub will cease and Opendoor will be the
|
| 269 |
+
surviving corporation and a wholly owned subsidiary of SCH (the "<U>Merger</U>");</P>
|
| 270 |
+
|
| 271 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 272 |
+
|
| 273 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0.5in; text-align: justify">(ii) as
|
| 274 |
+
a result of the Merger, among other things, all outstanding shares of common stock of Opendoor will be cancelled in exchange for
|
| 275 |
+
the right to receive, in the aggregate, a number of shares of SCH Common Stock (as defined below) equal to the quotient obtained
|
| 276 |
+
by dividing (x) $5,000,000,000 by (y) $10.00; and</P>
|
| 277 |
+
|
| 278 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 279 |
+
|
| 280 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0.5in; text-align: justify">(iii) upon
|
| 281 |
+
the effective time of the Merger (the "<U>Effective Time</U>"), SCH will immediately be renamed "Opendoor Technologies
|
| 282 |
+
Inc."</P>
|
| 283 |
+
|
| 284 |
+
|
| 285 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 286 |
+
|
| 287 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors
|
| 288 |
+
of SCH (the "<U>Board</U>") has unanimously (i) approved and declared advisable the Merger Agreement, the Business Combination
|
| 289 |
+
and the other transactions contemplated thereby and (ii) resolved to recommend approval of the Merger Agreement and related matters
|
| 290 |
+
by the shareholders of SCH.</P>
|
| 291 |
+
|
| 292 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 293 |
+
|
| 294 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The Domestication</I></B></P>
|
| 295 |
+
|
| 296 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 297 |
+
|
| 298 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Prior to the Closing,
|
| 299 |
+
subject to the approval of SCH's shareholders, and in accordance with the DGCL, Cayman Islands Companies Law (2020 Revision) (the
|
| 300 |
+
"<U>CICL</U>") and SCH's Amended and Restated Memorandum and Articles of Association (as may be amended from time to
|
| 301 |
+
time, the "<U>Cayman Constitutional Documents</U>"), SCH will effect a deregistration under the CICL and a domestication
|
| 302 |
+
under Section 388 of the DGCL (by means of filing a certificate of domestication (the "<U>Certificate of Domestication</U>")
|
| 303 |
+
with the Secretary of State of Delaware), pursuant to which SCH's jurisdiction of incorporation will be changed from the Cayman
|
| 304 |
+
Islands to the State of Delaware (the "<U>Domestication</U>").</P>
|
| 305 |
+
|
| 306 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 307 |
+
|
| 308 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
|
| 309 |
+
the Domestication, (i) each of the then issued and outstanding Class A ordinary shares, par value $0.0001 per share, of SCH (the
|
| 310 |
+
"<U>SCH Class A Ordinary Shares</U>"), will convert automatically, on a one-for-one basis, into a share of common stock,
|
| 311 |
+
par value $0.0001, per share of SCH (after its Domestication) (the "<U>SCH Common Stock</U>"), (ii) each of the then
|
| 312 |
+
issued and outstanding Class B ordinary shares, par value $0.0001 per share, of SCH (the "<U>SCH Class B Ordinary Shares</U>"),
|
| 313 |
+
will convert automatically, on a one-for-one basis, into a share of SCH Common Stock, (iii) each then issued and outstanding warrant
|
| 314 |
+
of SCH will convert automatically into a warrant to acquire one share of SCH Common Stock ("<U>Domesticated SCH Warrant</U>"),
|
| 315 |
+
pursuant to the Warrant Agreement, dated April 27, 2020, between SCH and Continental Stock Transfer & Trust Company, as warrant
|
| 316 |
+
agent, and (iv) each then issued and outstanding unit of SCH (the "<U>Cayman SCH Units</U>") will convert automatically
|
| 317 |
+
into a unit of SCH (after the Domestication) (the "<U>Domesticated SCH Units</U>"), with each Domesticated SCH Unit representing
|
| 318 |
+
one share of SCH Common Stock and one-third of one Domesticated SCH Warrant.</P>
|
| 319 |
+
|
| 320 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 321 |
+
|
| 322 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
|
| 323 |
+
|
| 324 |
+
<!-- Field: Page; Sequence: 2 -->
|
| 325 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 326 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 327 |
+
<!-- Field: /Page -->
|
| 328 |
+
|
| 329 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 330 |
+
|
| 331 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Conditions to Closing</I></B></P>
|
| 332 |
+
|
| 333 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 334 |
+
|
| 335 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 336 |
+
is subject to the satisfaction or waiver of certain customary closing conditions, including, among others, (i) approval of the
|
| 337 |
+
Business Combination and related agreements and transactions by the respective shareholders of SCH and Opendoor, (ii) effectiveness
|
| 338 |
+
of the proxy / registration statement on Form S-4 to be filed by SCH in connection with the Business Combination, (iii) expiration
|
| 339 |
+
or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, (iv) receipt of approval for listing
|
| 340 |
+
on the NYSE or NASDAQ the shares of SCH Common Stock to be issued in connection with the Merger, (v) that SCH have at least $5,000,001
|
| 341 |
+
of net tangible assets upon Closing and (vi) the absence of any injunctions.</P>
|
| 342 |
+
|
| 343 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 344 |
+
|
| 345 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, prior
|
| 346 |
+
to the Closing, Opendoor will consummate the restructuring transactions as set forth in the Merger Agreement (the "<U>Pre-Closing
|
| 347 |
+
Restructuring</U>"), and it is a condition to the obligations of SCH and Merger Sub to consummate the Merger that the Pre-Closing
|
| 348 |
+
Restructuring has been completed.</P>
|
| 349 |
+
|
| 350 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 351 |
+
|
| 352 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other conditions to
|
| 353 |
+
Opendoor's obligations to consummate the Merger include, among others, that as of the Closing, (i) the Domestication has been completed,
|
| 354 |
+
(ii) the amount of cash available in (x) the trust account into which substantially all of the proceeds of SCH's initial public
|
| 355 |
+
offering and private placements of its warrants have been deposited for the benefit of SCH, certain of its public shareholders
|
| 356 |
+
and the underwriters of SCH's initial public offering (the "<U>Trust Account</U>"), after deducting the amount required
|
| 357 |
+
to satisfy SCH's obligations to its shareholders (if any) that exercise their rights to redeem their SCH Class A Ordinary Shares
|
| 358 |
+
pursuant to the Cayman Constitutional Documents (but prior to payment of (a) any deferred underwriting commissions being held in
|
| 359 |
+
the Trust Account and (b) any transaction expenses of SCH or its affiliates) (the "<U>Trust Amount</U>") plus (y) the
|
| 360 |
+
PIPE Investment (as defined below), is at least equal to or greater than $550,000,000; <U>provided</U>, that there is a mutual
|
| 361 |
+
condition that the Trust Amount plus the Third Party PIPE Investment (as defined in the Merger Agreement) be at least $200,000,000.</P>
|
| 362 |
+
|
| 363 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 364 |
+
|
| 365 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Covenants</I></B></P>
|
| 366 |
+
|
| 367 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 368 |
+
|
| 369 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 370 |
+
contains additional covenants, including, among others, providing for (i) the parties to conduct their respective businesses in
|
| 371 |
+
the ordinary course through the Closing, (ii) the parties to not initiate any negotiations or enter into any agreements for certain
|
| 372 |
+
alternative transactions, (iii) Opendoor to prepare and deliver to SCH certain audited and unaudited consolidated financial statements
|
| 373 |
+
of Opendoor, (iv) SCH to prepare and file a proxy / registration statement on Form S-4 and take certain other actions to obtain
|
| 374 |
+
the requisite approval of SCH shareholders of certain proposals regarding the Business Combination (including the Domestication),
|
| 375 |
+
and (v) the parties to use reasonable best efforts to obtain necessary approvals from governmental agencies.</P>
|
| 376 |
+
|
| 377 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 378 |
+
|
| 379 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Representations and Warranties</I></B></P>
|
| 380 |
+
|
| 381 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 382 |
+
|
| 383 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 384 |
+
contains customary representations and warranties by SCH, Merger Sub and Opendoor. The representations and warranties of the respective
|
| 385 |
+
parties to the Merger Agreement generally will not survive the Closing.</P>
|
| 386 |
+
|
| 387 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 388 |
+
|
| 389 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Termination</I></B></P>
|
| 390 |
+
|
| 391 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 392 |
+
|
| 393 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 394 |
+
may be terminated at any time prior to the Closing (i) by mutual written consent of SCH and Opendoor, (ii) by Opendoor, if certain
|
| 395 |
+
approvals of the shareholders of SCH, to the extent required under the Merger Agreement, are not obtained as set forth therein
|
| 396 |
+
or if there is a Modification in Recommendation (as defined in the Merger Agreement), (iii) by SCH, if certain approvals of the
|
| 397 |
+
stockholders of Opendoor, to the extent required under the Merger Agreement, are not obtained within five business days after the
|
| 398 |
+
proxy / registration statement on Form S-4 has been declared effective by the SEC and delivered or otherwise made available Opendoor’s
|
| 399 |
+
stockholders, (iv) by either SCH or Opendoor in certain other circumstances set forth in the Merger Agreement, including (a) if
|
| 400 |
+
any Governmental Authority (as defined in the Merger Agreement) shall have issued or otherwise entered a final, nonappealable order
|
| 401 |
+
making consummation of the Merger illegal or otherwise preventing or prohibiting consummation of the Merger and (b) in the event
|
| 402 |
+
of certain uncured breaches by the other party or if the Closing has not occurred on or before 180 days after the date of the Merger
|
| 403 |
+
Agreement (the "<U>Agreement End Date</U>").</P>
|
| 404 |
+
|
| 405 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 406 |
+
|
| 407 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
|
| 408 |
+
|
| 409 |
+
<!-- Field: Page; Sequence: 3 -->
|
| 410 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 411 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 412 |
+
<!-- Field: /Page -->
|
| 413 |
+
|
| 414 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 415 |
+
|
| 416 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Certain Related Agreements</B></P>
|
| 417 |
+
|
| 418 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B> </B></P>
|
| 419 |
+
|
| 420 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Subscription Agreements</I></B></P>
|
| 421 |
+
|
| 422 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I> </I></B></P>
|
| 423 |
+
|
| 424 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As disclosed in the
|
| 425 |
+
Previous Current Report, on September 15, 2020, concurrently with the execution of the Merger Agreement, the Company entered into
|
| 426 |
+
subscription agreements (the "<U>Subscription Agreements</U>") with certain investors (collectively, the "<U>PIPE
|
| 427 |
+
Investors</U>"), pursuant to, and on the terms and subject to the conditions of which, the PIPE Investors have collectively
|
| 428 |
+
subscribed for 60,005,000 shares of the SCH Common Stock for an aggregate purchase price equal to $600,050,000 million (the "<U>PIPE
|
| 429 |
+
Investment</U>"), a portion of which is expected to be funded by (i) one or more affiliates of SCH Sponsor II LLC (the "<U>Sponsor</U>"
|
| 430 |
+
and collectively, the "<U>Sponsor Related PIPE Investor</U>s"), (ii) existing Opendoor investors (the "<U>Opendoor-Related
|
| 431 |
+
PIPE Investors</U>") and (iii) certain additional investors (which may include mutual funds and existing shareholders of SCH).
|
| 432 |
+
The PIPE Investment will be consummated substantially concurrently with the Closing.</P>
|
| 433 |
+
|
| 434 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 435 |
+
|
| 436 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Subscription Agreements
|
| 437 |
+
for the PIPE Investors (other than the Sponsor Related PIPE Investors and Opendoor-Related PIPE Investors, whose registration rights
|
| 438 |
+
are governed by the Amended and Restated Registration Rights Agreement described below (the "<U>Non-Insider PIPE Investors</U>")),
|
| 439 |
+
provide for certain registration rights. In particular, SCH is required to, as soon as practicable but no later than 30 calendar
|
| 440 |
+
days following the Closing, submit to or file with the SEC a registration statement registering the resale of such shares. Additionally,
|
| 441 |
+
SCH is required to use its commercially reasonable efforts to have the registration statement declared effective as soon as practicable
|
| 442 |
+
after the filing thereof, but no later than the earlier of (i) the 90th calendar day following the filing date thereof if
|
| 443 |
+
the SEC notifies the Company that it will “review” the registration statement and (ii) the 10th business day after
|
| 444 |
+
the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the registration statement will not
|
| 445 |
+
be “reviewed” or will not be subject to further review. The Company must use commercially reasonable efforts to keep
|
| 446 |
+
the registration statement effective until the earliest of: (i) the date the Non-Insider PIPE Investors no longer hold any registrable
|
| 447 |
+
shares, (ii) the date all registrable shares held by the Non-Insider PIPE Investors may be sold without restriction under
|
| 448 |
+
Rule 144 and (C) two years from the date of effectiveness of the registration statement.</P>
|
| 449 |
+
|
| 450 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 451 |
+
|
| 452 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Subscription Agreements
|
| 453 |
+
will terminate with no further force and effect upon the earliest to occur of: (a) such date and time as the Merger Agreement
|
| 454 |
+
is terminated in accordance with its terms; (b) the mutual written agreement of the parties to such Subscription Agreement;
|
| 455 |
+
(c) if any of the conditions to closing set forth in such Subscription Agreement are not satisfied on or prior to the Closing
|
| 456 |
+
and, as a result thereof, the transactions contemplated by the Subscription Agreement fail to occur; and (d) March 31, 2021.</P>
|
| 457 |
+
|
| 458 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 459 |
+
|
| 460 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description
|
| 461 |
+
of the Subscription Agreements does not purport to be complete and is qualified in its entirety by the terms and conditions of
|
| 462 |
+
the form of Subscription Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.</P>
|
| 463 |
+
|
| 464 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 465 |
+
|
| 466 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Sponsor Support Agreement</I></B></P>
|
| 467 |
+
|
| 468 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 469 |
+
|
| 470 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously disclosed
|
| 471 |
+
in the September 15 Current Report, on September 15, 2020, SCH announced entry into a Support Agreement (the "<U>Sponsor Support
|
| 472 |
+
Agreement</U>"), by and among SCH, the Sponsor, and Opendoor, pursuant to which the Sponsor and each director of SCH agreed
|
| 473 |
+
to, among other things, vote in favor of the Merger Agreement and the transactions contemplated thereby, in each case, subject
|
| 474 |
+
to the terms and conditions contemplated by the Sponsor Support Agreement.</P>
|
| 475 |
+
|
| 476 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 477 |
+
|
| 478 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Company Support Agreement</I></B></P>
|
| 479 |
+
|
| 480 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 481 |
+
|
| 482 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously disclosed
|
| 483 |
+
in the September 15 Current Report, on September 15, 2020, SCH also announced entry into a Support Agreement (the "<U>Company
|
| 484 |
+
Support Agreement</U>"), by and among SCH, Opendoor and certain stockholders of Opendoor (the "<U>Key Stockholders</U>").
|
| 485 |
+
Under the Company Support Agreement, the Key Stockholders agreed, within forty-eight hours following the SEC declaring effective
|
| 486 |
+
the proxy statement/prospectus relating to the approval by SCH stockholders of the Business Combination, to execute and deliver
|
| 487 |
+
a written consent with respect to the outstanding shares of Opendoor common stock and preferred stock held by the Key Stockholders
|
| 488 |
+
adopting the Merger Agreement and related transactions and approving the Business Combination. The shares of Opendoor common stock
|
| 489 |
+
and preferred stock that are owned by the Key Stockholders and subject to the Company Support Agreements represent a majority of
|
| 490 |
+
the outstanding voting power of Opendoor common stock and preferred stock (on an as converted basis).</P>
|
| 491 |
+
|
| 492 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 493 |
+
|
| 494 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
|
| 495 |
+
|
| 496 |
+
<!-- Field: Page; Sequence: 4 -->
|
| 497 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 498 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 499 |
+
<!-- Field: /Page -->
|
| 500 |
+
|
| 501 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 502 |
+
|
| 503 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Transfer Restrictions and Registration
|
| 504 |
+
Rights</I></B></P>
|
| 505 |
+
|
| 506 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 507 |
+
|
| 508 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement
|
| 509 |
+
contemplates that, at the Closing, SCH, Opendoor, the Major Company Stockholders (as defined in the Merger Agreement) and certain
|
| 510 |
+
of their respective affiliates and will enter into an Amended and Restated Registration Rights Agreement (the "<U>Registration
|
| 511 |
+
Rights Agreement</U>"), pursuant to which SCH will agree to register for resale, pursuant to Rule 415 under the Securities
|
| 512 |
+
Act, certain shares of SCH Common Stock and other equity securities of SCH that are held by the parties thereto from time to time.
|
| 513 |
+
Additionally, the Registration Rights Agreement and the Bylaws of SCH contain certain restrictions on transfer with respect to
|
| 514 |
+
the shares of SCH Common Stock held by the Sponsor or the former Opendoor stockholders immediately following Closing (the "<U>Lock-up
|
| 515 |
+
Shares</U>"). Such restrictions begin at Closing and end on the earlier of (i) the date that is 180 days after Closing and
|
| 516 |
+
(ii)(a) for 33.33% of the Lock-up Shares, the date on which the last reported sale price of SCH Common Stock equals or exceeds
|
| 517 |
+
$12.50 per share for any 20 trading days within any 30-trading day period commencing at least 30 days after Closing and (b) for
|
| 518 |
+
an additional 50% of the Lock-up Shares, the date on which the last reported sale price of SCH Common Stock equals or exceeds $15.00
|
| 519 |
+
per share for any 20 trading days within any 30-trading day period commencing at least 30 days Closing.</P>
|
| 520 |
+
|
| 521 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 522 |
+
|
| 523 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description
|
| 524 |
+
of the Merger Agreement, Subscription Agreements, Sponsor Support Agreement and Company Support Agreement, and the transactions
|
| 525 |
+
and documents contemplated thereby, is not complete and is subject to and qualified in its entirety by reference to the Merger
|
| 526 |
+
Agreement, Subscription Agreements, the Sponsor Support Agreement and the Company Support Agreement, copies of which are filed
|
| 527 |
+
with this Current Report on Form 8-K as Exhibit 2.1, Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively, and the terms of
|
| 528 |
+
which are incorporated by reference herein.</P>
|
| 529 |
+
|
| 530 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 531 |
+
|
| 532 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Merger Agreement,
|
| 533 |
+
Subscription Agreements, the Sponsor Support Agreement and the Company Support Agreement have been included to provide investors
|
| 534 |
+
with information regarding its terms. They are not intended to provide any other factual information about SCH or its affiliates.
|
| 535 |
+
The representations, warranties, covenants and agreements contained in the Merger Agreement, the Subscription Agreements, the Sponsor
|
| 536 |
+
Support Agreement, the Company Support Agreement and the other documents related thereto were made only for purposes of the Merger
|
| 537 |
+
Agreement as of the specific dates therein, were solely for the benefit of the parties to the Merger Agreement, the Subscription
|
| 538 |
+
Agreements, the Sponsor Support Agreement and the Company Support Agreement, may be subject to limitations agreed upon by the contracting
|
| 539 |
+
parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the
|
| 540 |
+
parties to the Merger Agreement, the Subscription Agreements, the Sponsor Support Agreement or Company Support Agreement instead
|
| 541 |
+
of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that
|
| 542 |
+
differ from those applicable to investors. Investors are not third-party beneficiaries under the Merger Agreement, the Subscription
|
| 543 |
+
Agreements, the Sponsor Support Agreement or the Company Support Agreement and should not rely on the representations, warranties,
|
| 544 |
+
covenants and agreements or any descriptions thereof as characterizations of the actual state of facts or condition of the parties
|
| 545 |
+
thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations
|
| 546 |
+
and warranties may change after the date of the Merger Agreement, the Subscription Agreements, the Sponsor Support Agreement or
|
| 547 |
+
the Company Support Agreement, as applicable, which subsequent information may or may not be fully reflected in the SCH's public
|
| 548 |
+
disclosures.</P>
|
| 549 |
+
|
| 550 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 551 |
+
|
| 552 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 3.02 Unregistered Sales of Equity
|
| 553 |
+
Securities</B></P>
|
| 554 |
+
|
| 555 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 556 |
+
|
| 557 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The disclosure set
|
| 558 |
+
forth above in Item 1.01 of this Current Report on Form 8-K with respect to the PIPE Investment is incorporated by reference
|
| 559 |
+
in this Item 3.02. The shares of SCH Common Stock to be issued in connection with the PIPE Investment will not be registered under
|
| 560 |
+
the Securities Act of 1933, as amended (the <U>"Securities Act</U>"), and will be issued in reliance on the exemption
|
| 561 |
+
from registration requirements thereof provided by Section 4(a)(2) of the Securities Act.</P>
|
| 562 |
+
|
| 563 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 564 |
+
|
| 565 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Additional Information and Where to
|
| 566 |
+
Find It</B></P>
|
| 567 |
+
|
| 568 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 569 |
+
|
| 570 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Current Report
|
| 571 |
+
on Form 8-K relates to a proposed transaction between Opendoor and SCH. This Current Report on Form 8-K does not constitute an
|
| 572 |
+
offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities
|
| 573 |
+
in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities
|
| 574 |
+
laws of any such jurisdiction. SCH intends to file a registration statement on Form S-4 with the U.S. Securities and Exchange Commission
|
| 575 |
+
(the "<U>SEC</U>"), which will include a document that serves as a prospectus and proxy statement of SCH, referred to
|
| 576 |
+
as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all SCH shareholders. SCH also will file other documents
|
| 577 |
+
regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of SCH are urged
|
| 578 |
+
to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed
|
| 579 |
+
with the SEC in connection with the proposed transaction as they become available because they will contain important information
|
| 580 |
+
about the proposed transaction.</P>
|
| 581 |
+
|
| 582 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 583 |
+
|
| 584 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
|
| 585 |
+
|
| 586 |
+
<!-- Field: Page; Sequence: 5 -->
|
| 587 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 588 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 589 |
+
<!-- Field: /Page -->
|
| 590 |
+
|
| 591 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 592 |
+
|
| 593 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investors and security
|
| 594 |
+
holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant
|
| 595 |
+
documents filed or that will be filed with the SEC by SCH through the website maintained by the SEC at www.sec.gov.</P>
|
| 596 |
+
|
| 597 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
|
| 598 |
+
|
| 599 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 600 |
+
|
| 601 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The documents filed
|
| 602 |
+
by SCH with the SEC also may be obtained free of charge at SCH's website at http://www.socialcapitalhedosophiaholdings.com/docsb.html
|
| 603 |
+
or upon written request to 317 University Ave, Suite 200, Palo Alto, California 94301.</P>
|
| 604 |
+
|
| 605 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 606 |
+
|
| 607 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Participants in Solicitation</B></P>
|
| 608 |
+
|
| 609 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 610 |
+
|
| 611 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">SCH and its directors
|
| 612 |
+
and executive officers may be deemed to be participants in the solicitation of proxies from SCH's shareholders in connection with
|
| 613 |
+
the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests
|
| 614 |
+
in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these
|
| 615 |
+
documents as described in the preceding paragraph.</P>
|
| 616 |
+
|
| 617 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 618 |
+
|
| 619 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements Legend</B></P>
|
| 620 |
+
|
| 621 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 622 |
+
|
| 623 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Current Report
|
| 624 |
+
on Form 8-K contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed
|
| 625 |
+
transaction between Opendoor and SCH. These forward-looking statements generally are identified by the words "believe,"
|
| 626 |
+
"project," "expect," "anticipate," "estimate," "intend," "strategy,"
|
| 627 |
+
"future," "opportunity," "plan," "may," "should," "will," "would,"
|
| 628 |
+
"will be," "will continue," "will likely result," and similar expressions. Forward-looking statements
|
| 629 |
+
are predictions, projections and other statements about future events that are based on current expectations and assumptions and,
|
| 630 |
+
as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the
|
| 631 |
+
forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed
|
| 632 |
+
in a timely manner or at all, which may adversely affect the price of SCH's securities, (ii) the risk that the transaction may
|
| 633 |
+
not be completed by SCH's business combination deadline and the potential failure to obtain an extension of the business combination
|
| 634 |
+
deadline if sought by SCH, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption
|
| 635 |
+
of the Merger Agreement by the shareholders of SCH, the satisfaction of the minimum Trust Account amount following redemptions
|
| 636 |
+
by SCH's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation
|
| 637 |
+
in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE Investment, (vi) the occurrence
|
| 638 |
+
of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of
|
| 639 |
+
the announcement or pendency of the transaction on Opendoor's business relationships, operating results, and business generally,
|
| 640 |
+
(viii) risks that the proposed transaction disrupts current plans and operations of Opendoor, (ix) the outcome of any legal proceedings
|
| 641 |
+
that may be instituted against Opendoor or against SCH related to the Merger Agreement or the proposed transaction, (x) the ability
|
| 642 |
+
to maintain the listing of SCH's securities on a national securities exchange, (xi) changes in the competitive and regulated industries
|
| 643 |
+
in which Opendoor operates, variations in operating performance across competitors, changes in laws and regulations affecting Opendoor's
|
| 644 |
+
business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations
|
| 645 |
+
after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns
|
| 646 |
+
and a changing regulatory landscape in the highly competitive residential real estate industry. The foregoing list of factors is
|
| 647 |
+
not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk
|
| 648 |
+
Factors" section of SCH's registration on Form S-1 (File No. 333-237864), the registration statement on Form S-4 discussed
|
| 649 |
+
above and other documents filed by SCH from time to time with the SEC. These filings identify and address other important risks
|
| 650 |
+
and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
|
| 651 |
+
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking
|
| 652 |
+
statements, and Opendoor and SCH assume no obligation and do not intend to update or revise these forward-looking statements, whether
|
| 653 |
+
as a result of new information, future events, or otherwise. Neither Opendoor nor SCH gives any assurance that either Opendoor
|
| 654 |
+
or SCH, or the combined company, will achieve its expectations.</P>
|
| 655 |
+
|
| 656 |
+
|
| 657 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
|
| 658 |
+
|
| 659 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
|
| 660 |
+
|
| 661 |
+
<!-- Field: Page; Sequence: 6 -->
|
| 662 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 663 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 664 |
+
<!-- Field: /Page -->
|
| 665 |
+
|
| 666 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </P>
|
| 667 |
+
|
| 668 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>
|
| 669 |
+
|
| 670 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </P>
|
| 671 |
+
|
| 672 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
|
| 673 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits.</TD>
|
| 674 |
+
</TR></TABLE>
|
| 675 |
+
|
| 676 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
|
| 677 |
+
|
| 678 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 679 |
+
<TR STYLE="vertical-align: bottom">
|
| 680 |
+
<TD STYLE="text-align: center; padding: 0; width: 0.75in"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT></TD>
|
| 681 |
+
<TD STYLE="width: 0.25in"> </TD>
|
| 682 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt"><B><U>Description</U></B></FONT></TD></TR>
|
| 683 |
+
<TR>
|
| 684 |
+
<TD STYLE="padding: 0; vertical-align: top; text-align: center"><A HREF="tm2030935d1_ex2-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">2.1</FONT></A></TD>
|
| 685 |
+
<TD> </TD>
|
| 686 |
+
<TD STYLE="text-indent: 0; vertical-align: bottom; padding: 0"><A HREF="tm2030935d1_ex2-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Agreement and Plan of Merger, dated as of September 15, 2020</FONT></A></TD></TR>
|
| 687 |
+
<TR>
|
| 688 |
+
<TD STYLE="padding: 0; vertical-align: top; text-align: center"><A HREF="tm2030935d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">10.1</FONT></A></TD>
|
| 689 |
+
<TD> </TD>
|
| 690 |
+
<TD STYLE="text-indent: 0; vertical-align: bottom; padding: 0"><A HREF="tm2030935d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Form of Subscription Agreements, dated as of September 15, 2020</FONT></A></TD></TR>
|
| 691 |
+
<TR>
|
| 692 |
+
<TD STYLE="padding: 0; vertical-align: top; text-align: center"><A HREF="tm2030935d1_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">10.2</FONT></A></TD>
|
| 693 |
+
<TD> </TD>
|
| 694 |
+
<TD STYLE="text-indent: 0; vertical-align: bottom; padding: 0"><A HREF="tm2030935d1_ex10-2.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Sponsor Support Agreement, dated as of September 15, 2020</FONT></A></TD></TR>
|
| 695 |
+
<TR>
|
| 696 |
+
<TD STYLE="padding: 0; vertical-align: top; text-align: center"><A HREF="tm2030935d1_ex10-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">10.3</FONT></A></TD>
|
| 697 |
+
<TD> </TD>
|
| 698 |
+
<TD STYLE="text-indent: 0; vertical-align: bottom; padding: 0"><A HREF="tm2030935d1_ex10-3.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Company Support Agreement, dated as of September 15, 2020</FONT></A></TD></TR>
|
| 699 |
+
</TABLE>
|
| 700 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 701 |
+
|
| 702 |
+
|
| 703 |
+
<!-- Field: Page; Sequence: 7 -->
|
| 704 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 705 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 706 |
+
<!-- Field: /Page -->
|
| 707 |
+
|
| 708 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 709 |
+
|
| 710 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE </B></P>
|
| 711 |
+
|
| 712 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; border-top-width: 0in; border-top-color: Black"> </P>
|
| 713 |
+
|
| 714 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; border-top-width: 0in; border-top-color: Black">Pursuant
|
| 715 |
+
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
|
| 716 |
+
by the undersigned hereunto duly authorized.</P>
|
| 717 |
+
|
| 718 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 719 |
+
|
| 720 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
|
| 721 |
+
<TR STYLE="vertical-align: bottom">
|
| 722 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt"> </FONT></TD>
|
| 723 |
+
<TD COLSPAN="2" STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt"><B>Social Capital Hedosophia Holdings Corp. II</B></FONT></TD></TR>
|
| 724 |
+
<TR STYLE="vertical-align: bottom">
|
| 725 |
+
<TD STYLE="text-indent: 0; padding: 0; width: 62%"> </TD>
|
| 726 |
+
<TD STYLE="text-indent: 0; padding: 0; width: 5%"> </TD>
|
| 727 |
+
<TD STYLE="text-indent: 0; padding: 0; width: 33%"> </TD></TR>
|
| 728 |
+
<TR STYLE="vertical-align: bottom">
|
| 729 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">Date: September 17, 2020</FONT></TD>
|
| 730 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
|
| 731 |
+
<TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">/s/ Chamath Palihapitiya</FONT></TD></TR>
|
| 732 |
+
<TR STYLE="vertical-align: bottom">
|
| 733 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt"> </FONT></TD>
|
| 734 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
|
| 735 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">Chamath Palihapitiya</FONT></TD></TR>
|
| 736 |
+
<TR STYLE="vertical-align: bottom">
|
| 737 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt"> </FONT></TD>
|
| 738 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
|
| 739 |
+
<TD STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
|
| 740 |
+
</TABLE>
|
| 741 |
+
|
| 742 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 743 |
+
|
| 744 |
+
<!-- Field: Page; Sequence: 8; Options: Last -->
|
| 745 |
+
<DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"> </TD><TD STYLE="width: 34%"> </TD><TD STYLE="width: 33%"> </TD></TR></TABLE></DIV>
|
| 746 |
+
<!-- Field: /Page -->
|
| 747 |
+
|
| 748 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
| 749 |
+
|
| 750 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 751 |
+
|
| 752 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 753 |
+
|
| 754 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
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+
|
| 756 |
+
</BODY>
|
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+
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|
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+
</TEXT>
|
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+
</DOCUMENT>
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data/raw/sec/0001801169/8-K-A/2020-09-17_0001104659-20-105791/source/tm2030935d1_ex10-2.htm
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| 1 |
+
<DOCUMENT>
|
| 2 |
+
<TYPE>EX-10.2
|
| 3 |
+
<SEQUENCE>4
|
| 4 |
+
<FILENAME>tm2030935d1_ex10-2.htm
|
| 5 |
+
<DESCRIPTION>EXHIBIT 10.2
|
| 6 |
+
<TEXT>
|
| 7 |
+
<HTML>
|
| 8 |
+
<HEAD>
|
| 9 |
+
<TITLE></TITLE>
|
| 10 |
+
</HEAD>
|
| 11 |
+
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
|
| 12 |
+
|
| 13 |
+
<P STYLE="text-align: right; margin: 0"><B> Exhibit 10.2</B><FONT STYLE="background-color: White"> </FONT></P>
|
| 14 |
+
|
| 15 |
+
<P STYLE="margin: 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 16 |
+
|
| 17 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="background-color: White"><B><U>EXECUTION
|
| 18 |
+
VERSION</U></B></FONT></P>
|
| 19 |
+
|
| 20 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 21 |
+
|
| 22 |
+
<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="background-color: White"></FONT><FONT STYLE="background-color: White"><B><U>SPONSOR
|
| 23 |
+
SUPPORT AGREEMENT</U></B></FONT></P>
|
| 24 |
+
|
| 25 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 26 |
+
|
| 27 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="background-color: White">This
|
| 28 |
+
Sponsor Support Agreement (this “<U>Sponsor Agreement</U>”) is dated as of September 15, 2020, by and among SCH
|
| 29 |
+
Sponsor II LLC, a Cayman Islands exempted company (the “<U>Sponsor Holdco</U>”), the Persons set forth on <U>Schedule
|
| 30 |
+
I</U> hereto (together with the Sponsor Holdco, each, a “<U>Sponsor</U>” and, together, the “<U>Sponsors</U>”),
|
| 31 |
+
Social Capital Hedosophia Holdings Corp. II, a Cayman Islands exempted company limited by shares (which shall domesticate as a
|
| 32 |
+
Delaware corporation prior to the Closing (as defined in the Merger Agreement (as defined below))) (“<U>Acquiror</U>”),
|
| 33 |
+
and Opendoor Labs Inc., a Delaware corporation (the “<U>Company</U>”). Capitalized terms used but not defined herein
|
| 34 |
+
shall have the respective meanings ascribed to such terms in the Merger Agreement.</FONT></P>
|
| 35 |
+
|
| 36 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 37 |
+
|
| 38 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B>RECITALS</B></FONT></P>
|
| 39 |
+
|
| 40 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 41 |
+
|
| 42 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="background-color: White">WHEREAS,
|
| 43 |
+
as of the date hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the
|
| 44 |
+
meaning of Rule 13d-3 under the Exchange Act) of 10,350,000 Acquiror Common Shares and 6,133,333 Acquiror Warrants in the
|
| 45 |
+
aggregate as set forth on <U>Schedule I</U> attached hereto;</FONT></P>
|
| 46 |
+
|
| 47 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 48 |
+
|
| 49 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="background-color: White">WHEREAS,
|
| 50 |
+
contemporaneously with the execution and delivery of this Sponsor Agreement, Acquiror, Hestia Merger Sub Inc., a Delaware corporation
|
| 51 |
+
(“<U>Merger Sub</U>”), and the Company, have entered into an Agreement and Plan of Merger (as amended or modified
|
| 52 |
+
from time to time, the “<U>Merger Agreement</U>”), dated as of the date hereof, pursuant to which, among other transactions,
|
| 53 |
+
Merger Sub is to merge with and into the Company, with the Company continuing on as the surviving entity and a wholly owned subsidiary
|
| 54 |
+
of Acquiror, on the terms and conditions set forth therein; and</FONT></P>
|
| 55 |
+
|
| 56 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 57 |
+
|
| 58 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="background-color: White">WHEREAS,
|
| 59 |
+
as an inducement to Acquiror and the Company to enter into the Merger Agreement and to consummate the transactions contemplated
|
| 60 |
+
therein, the parties hereto desire to agree to certain matters as set forth herein.</FONT></P>
|
| 61 |
+
|
| 62 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 63 |
+
|
| 64 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B>AGREEMENT</B></FONT></P>
|
| 65 |
+
|
| 66 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 67 |
+
|
| 68 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="background-color: White">NOW,
|
| 69 |
+
THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby,
|
| 70 |
+
the parties hereto hereby agree as follows:</FONT></P>
|
| 71 |
+
|
| 72 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 73 |
+
|
| 74 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase; background-color: White"><B>ARTICLE I<U><BR>
|
| 75 |
+
SPONSOR SUPPORT AGREEMENT; COVENANTS</U></B></FONT></P>
|
| 76 |
+
|
| 77 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 78 |
+
|
| 79 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.1</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Binding
|
| 80 |
+
Effect of Merger Agreement</U></FONT></FONT>. Each Sponsor hereby acknowledges that it has read the Merger Agreement and this
|
| 81 |
+
Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors. Each Sponsor shall be bound by and comply
|
| 82 |
+
with Sections 7.4 (<I>No Solicitation by Acquiror</I>) and 12.12 (<I>Publicity</I>) of the Merger Agreement (and any relevant
|
| 83 |
+
definitions contained in any such Sections) as if such Sponsor was an original signatory to the Merger Agreement with respect
|
| 84 |
+
to such provisions.</P>
|
| 85 |
+
|
| 86 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 87 |
+
|
| 88 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 89 |
+
|
| 90 |
+
<!-- Field: Page; Sequence: 1 -->
|
| 91 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt"> </P></DIV>
|
| 92 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 93 |
+
<!-- Field: /Page -->
|
| 94 |
+
|
| 95 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT> </P>
|
| 96 |
+
|
| 97 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.2</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>No
|
| 98 |
+
Transfer</U></FONT></FONT>. During the period commencing on the date hereof and ending on the earliest of (a) the Effective
|
| 99 |
+
Time, (b) such date and time as the Merger Agreement shall be terminated in accordance with Section 10.1 thereof (the
|
| 100 |
+
earlier of (a) and (b), the “<U>Expiration Time</U>”) and (c) the liquidation of Acquiror, each Sponsor
|
| 101 |
+
shall not (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise
|
| 102 |
+
dispose of or agree to dispose of, directly or indirectly, file (or participate in the filing of) a registration statement with
|
| 103 |
+
the SEC (other than the Proxy Statement/Registration Statement) or establish or increase a put equivalent position or liquidate
|
| 104 |
+
or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to any Acquiror
|
| 105 |
+
Common Shares or Acquiror Warrants owned by such Sponsor, (ii) enter into any swap or other arrangement that transfers to
|
| 106 |
+
another, in whole or in part, any of the economic consequences of ownership of any shares of Acquiror Common Shares or Acquiror
|
| 107 |
+
Warrants owned by such Sponsor or (iii) publicly announce any intention to effect any transaction specified in clause (i) or
|
| 108 |
+
(ii).</P>
|
| 109 |
+
|
| 110 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 111 |
+
|
| 112 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.3</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>New
|
| 113 |
+
Shares</U></FONT></FONT>. In the event that (a) any Acquiror Common Shares, Acquiror Warrants or other equity securities
|
| 114 |
+
of Acquiror are issued to a Sponsor after the date of this Sponsor Agreement pursuant to any stock dividend, stock split, recapitalization,
|
| 115 |
+
reclassification, combination or exchange of Acquiror Common Shares or Acquiror Warrants of, on or affecting the Acquiror Common
|
| 116 |
+
Shares or Acquiror Warrants owned by such Sponsor or otherwise, (b) a Sponsor purchases or otherwise acquires beneficial
|
| 117 |
+
ownership of any Acquiror Common Shares, Acquiror Warrants or other equity securities of Acquiror after the date of this Sponsor
|
| 118 |
+
Agreement, or (c) a Sponsor acquires the right to vote or share in the voting of any Acquiror Common Shares or other equity
|
| 119 |
+
securities of Acquiror after the date of this Sponsor Agreement (such Acquiror Common Shares, Acquiror Warrants or other equity
|
| 120 |
+
securities of Acquiror, collectively the “<U>New Securities</U>”), then such New Securities acquired or purchased
|
| 121 |
+
by such Sponsor shall be subject to the terms of this Sponsor Agreement to the same extent as if they constituted the Acquiror
|
| 122 |
+
Common Shares or Acquiror Warrants owned by such Sponsor as of the date hereof.</P>
|
| 123 |
+
|
| 124 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 125 |
+
|
| 126 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.4</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Closing
|
| 127 |
+
Date Deliverables</U></FONT></FONT>. On the Closing Date, the Sponsor Holdco and the Director Holders (as defined therein) shall
|
| 128 |
+
deliver to Acquiror and the Company a duly executed copy of that certain Amended and Restated Registration Rights Agreement, by
|
| 129 |
+
and among Acquiror, the Company, the Sponsor Holdco, certain of the Company’s stockholders or their respective affiliates,
|
| 130 |
+
as applicable, the Director Holders and the Investor Stockholders (as defined therein), in substantially the form attached as
|
| 131 |
+
Exhibit C to the Merger Agreement.</P>
|
| 132 |
+
|
| 133 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 134 |
+
|
| 135 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.5</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Sponsor
|
| 136 |
+
Agreements</U></FONT></FONT>.</P>
|
| 137 |
+
|
| 138 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 139 |
+
|
| 140 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(a)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">At
|
| 141 |
+
any meeting of the shareholders of Acquiror, however called, or at any adjournment thereof, or in any other circumstance in which
|
| 142 |
+
the vote, consent or other approval of the shareholders of Acquiror is sought, each Sponsor shall (i) appear at each such
|
| 143 |
+
meeting or otherwise cause all of its Acquiror Common Shares to be counted as present thereat for purposes of calculating a quorum
|
| 144 |
+
and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed
|
| 145 |
+
and delivered) covering, all of its Acquiror Common Shares:</FONT></FONT></P>
|
| 146 |
+
|
| 147 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 148 |
+
|
| 149 |
+
|
| 150 |
+
|
| 151 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 152 |
+
|
| 153 |
+
<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
|
| 154 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
|
| 155 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 156 |
+
<!-- Field: /Page -->
|
| 157 |
+
|
| 158 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 159 |
+
|
| 160 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt; background-color: White">(i)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">in
|
| 161 |
+
favor of each Transaction Proposal;</FONT></FONT></P>
|
| 162 |
+
|
| 163 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 164 |
+
|
| 165 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt; background-color: White">(ii)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">against
|
| 166 |
+
any Business Combination Proposal or any proposal relating to a Business Combination Proposal (in each case, other than the Transaction
|
| 167 |
+
Proposals);</FONT></FONT></P>
|
| 168 |
+
|
| 169 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 170 |
+
|
| 171 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt; background-color: White">(iii)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">against
|
| 172 |
+
any merger agreement or merger (other than the Merger Agreement and the Merger), consolidation, combination, sale of substantial
|
| 173 |
+
assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Acquiror;</FONT></FONT></P>
|
| 174 |
+
|
| 175 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 176 |
+
|
| 177 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt; background-color: White">(iv)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">against
|
| 178 |
+
any change in the business, management or Board of Directors of Acquiror (other than in connection with the Transaction Proposals);
|
| 179 |
+
and</FONT></FONT></P>
|
| 180 |
+
|
| 181 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 182 |
+
|
| 183 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.75in"><FONT STYLE="font-size: 10pt; background-color: White">(v)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">against
|
| 184 |
+
any proposal, action or agreement that would (A) impede, frustrate, prevent or nullify any provision of this Agreement, the
|
| 185 |
+
Merger Agreement or any Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any other
|
| 186 |
+
obligation or agreement of Acquiror or the Merger Sub under the Merger Agreement, (C) result in any of the conditions set
|
| 187 |
+
forth in Article IX of the Merger Agreement not being fulfilled or (D) change in any manner the dividend policy or capitalization
|
| 188 |
+
of, including the voting rights of any class of capital stock of, Acquiror.</FONT></FONT></P>
|
| 189 |
+
|
| 190 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 191 |
+
|
| 192 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: White">Each
|
| 193 |
+
Sponsor hereby agrees that it shall not commit or agree to take any action inconsistent with the foregoing.</FONT></P>
|
| 194 |
+
|
| 195 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 196 |
+
|
| 197 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(b)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">Each
|
| 198 |
+
Sponsor shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, that certain Letter
|
| 199 |
+
Agreement, dated as of April 27, 2020, by and among the Sponsors and Acquiror (the “<U>Voting Letter Agreement</U>”),
|
| 200 |
+
including the obligations of the Sponsors pursuant to Section 1 therein to not redeem any Acquiror Common Shares owned by
|
| 201 |
+
such Sponsor in connection with the transactions contemplated by the Merger Agreement.</FONT></FONT></P>
|
| 202 |
+
|
| 203 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 204 |
+
|
| 205 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(c)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">During
|
| 206 |
+
the period commencing on the date hereof and ending on the earlier of the consummation of the Closing and the termination of the
|
| 207 |
+
Merger Agreement pursuant to Article X thereof, each Sponsor shall not modify or amend any Contract between or among such
|
| 208 |
+
Sponsor, anyone related by blood, marriage or adoption to such Sponsor or any Affiliate of such Sponsor (other than Acquiror or
|
| 209 |
+
any of its Subsidiaries), on the one hand, and Acquiror or any of Acquiror’s Subsidiaries, on the other hand, including,
|
| 210 |
+
for the avoidance of doubt, the Voting Letter Agreement.</FONT></FONT></P>
|
| 211 |
+
|
| 212 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 213 |
+
|
| 214 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.6</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Further
|
| 215 |
+
Assurances</U></FONT></FONT>. Each Sponsor shall take, or cause to be taken, all actions and do, or cause to be done, all things
|
| 216 |
+
reasonably necessary under applicable Laws to consummate the Mergers and the other transactions contemplated by the Merger Agreement
|
| 217 |
+
on the terms and subject to the conditions set forth therein and herein.</P>
|
| 218 |
+
|
| 219 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 220 |
+
|
| 221 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 222 |
+
|
| 223 |
+
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|
| 224 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
|
| 225 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 226 |
+
<!-- Field: /Page -->
|
| 227 |
+
|
| 228 |
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 229 |
+
|
| 230 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 1.7</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>No
|
| 231 |
+
Inconsistent Agreement</U></FONT></FONT>. Each Sponsor hereby represents and covenants that such Sponsor has not entered into,
|
| 232 |
+
and shall not enter into, any agreement that would restrict, limit or interfere with the performance of such Sponsor’s obligations
|
| 233 |
+
hereunder.</P>
|
| 234 |
+
|
| 235 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 236 |
+
|
| 237 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase; background-color: White"><B>ARTICLE II<U><BR>
|
| 238 |
+
REPRESENTATIONS AND WARRANTIES</U></B></FONT></P>
|
| 239 |
+
|
| 240 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 241 |
+
|
| 242 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 2.1</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Representations
|
| 243 |
+
and Warranties of the Sponsors</U></FONT></FONT>. Each Sponsor represents and warrants as of the date hereof to Acquiror and the
|
| 244 |
+
Company (solely with respect to itself, himself or herself and not with respect to any other Sponsor) as follows:</P>
|
| 245 |
+
|
| 246 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 247 |
+
|
| 248 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(a)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Organization;
|
| 249 |
+
Due Authorization</U>. If such Sponsor is not an individual, it is duly organized, validly existing and in good standing under
|
| 250 |
+
the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance
|
| 251 |
+
of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Sponsor’s corporate,
|
| 252 |
+
limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability
|
| 253 |
+
company or organizational actions on the part of such Sponsor. If such Sponsor is an individual, such Sponsor has full legal capacity,
|
| 254 |
+
right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder. This Sponsor
|
| 255 |
+
Agreement has been duly executed and delivered by such Sponsor and, assuming due authorization, execution and delivery by the
|
| 256 |
+
other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Sponsor,
|
| 257 |
+
enforceable against such Sponsor in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws,
|
| 258 |
+
other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance
|
| 259 |
+
and other equitable remedies). If this Sponsor Agreement is being executed in a representative or fiduciary capacity, the Person
|
| 260 |
+
signing this Sponsor Agreement has full power and authority to enter into this Sponsor Agreement on behalf of the applicable Sponsor.</FONT></FONT></P>
|
| 261 |
+
|
| 262 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 263 |
+
|
| 264 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(b)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Ownership</U>.
|
| 265 |
+
Such Sponsor is the record and beneficial owner (as defined in the Securities Act) of, and has good title to, all of such Sponsor’s
|
| 266 |
+
Acquiror Common Shares and Acquiror Warrants, and there exist no Liens or any other limitation or restriction (including any restriction
|
| 267 |
+
on the right to vote, sell or otherwise dispose of such Acquiror Common Shares or Acquiror Warrants (other than transfer restrictions
|
| 268 |
+
under the Securities Act)) affecting any such Acquiror Common Shares or Acquiror Warrants, other than Liens pursuant to (i) this
|
| 269 |
+
Sponsor Agreement, (ii) the Acquiror Governing Documents, (iii) the Merger Agreement, (iv) the Voting Letter Agreement
|
| 270 |
+
or (v) any applicable securities Laws. Such Sponsor’s Acquiror Common Shares and Acquiror Warrants are the only equity
|
| 271 |
+
securities in Acquiror owned of record or beneficially by such Sponsor on the date of this Sponsor Agreement, and none of such
|
| 272 |
+
Sponsor’s Acquiror Common Shares or Acquiror Warrants are subject to any proxy, voting trust or other agreement or arrangement
|
| 273 |
+
with respect to the voting of such Acquiror Common Shares or Acquiror Warrants, except as provided hereunder and under the Voting
|
| 274 |
+
Letter Agreement. Other than the Acquiror Warrants, such Sponsor does not hold or own any rights to acquire (directly or indirectly)
|
| 275 |
+
any equity securities of Acquiror or any equity securities convertible into, or which can be exchanged for, equity securities
|
| 276 |
+
of Acquiror.</FONT></FONT></P>
|
| 277 |
+
|
| 278 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 279 |
+
|
| 280 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 281 |
+
|
| 282 |
+
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|
| 283 |
+
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|
| 284 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 285 |
+
<!-- Field: /Page -->
|
| 286 |
+
|
| 287 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 288 |
+
|
| 289 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(c)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>No
|
| 290 |
+
Conflicts</U>. The execution and delivery of this Sponsor Agreement by such Sponsor does not, and the performance by such Sponsor
|
| 291 |
+
of his, her or its obligations hereunder will not, (i) if such Sponsor is not an individual, conflict with or result in a
|
| 292 |
+
violation of the organizational documents of such Sponsor or (ii) require any consent or approval that has not been given
|
| 293 |
+
or other action that has not been taken by any Person (including under any Contract binding upon such Sponsor or such Sponsor’s
|
| 294 |
+
Acquiror Common Shares or Acquiror Warrants), in each case, to the extent such consent, approval or other action would prevent,
|
| 295 |
+
enjoin or materially delay the performance by such Sponsor of its, his or her obligations under this Sponsor Agreement.</FONT></FONT></P>
|
| 296 |
+
|
| 297 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 298 |
+
|
| 299 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(d)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Litigation</U>.
|
| 300 |
+
There are no Actions pending against such Sponsor, or to the knowledge of such Sponsor threatened against such Sponsor, before
|
| 301 |
+
(or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner
|
| 302 |
+
challenges or seeks to prevent, enjoin or materially delay the performance by such Sponsor of its, his or her obligations under
|
| 303 |
+
this Sponsor Agreement.</FONT></FONT></P>
|
| 304 |
+
|
| 305 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 306 |
+
|
| 307 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(e)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Brokerage
|
| 308 |
+
Fees</U>. Except as described on Section 5.13 of the Acquiror Disclosure Letter, no broker, finder, investment banker or
|
| 309 |
+
other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated
|
| 310 |
+
by the Merger Agreement based upon arrangements made by such Sponsor, for which Acquiror or any of its Affiliates may become liable.</FONT></FONT></P>
|
| 311 |
+
|
| 312 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 313 |
+
|
| 314 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(f)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Affiliate
|
| 315 |
+
Arrangements</U>. Except as set forth on <U>Schedule II</U> attached hereto, neither such Sponsor nor any anyone related by blood,
|
| 316 |
+
marriage or adoption to such Sponsor or, to the knowledge of such Sponsor, any Person in which such Sponsor has a direct or indirect
|
| 317 |
+
legal, contractual or beneficial ownership of 5% or greater is party to, or has any rights with respect to or arising from, any
|
| 318 |
+
Contract with Acquiror or its Subsidiaries.</FONT></FONT></P>
|
| 319 |
+
|
| 320 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 321 |
+
|
| 322 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(g)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Acknowledgment</U>.
|
| 323 |
+
Such Sponsor understands and acknowledges that each of Acquiror and the Company is entering into the Merger Agreement in reliance
|
| 324 |
+
upon such Sponsor’s execution and delivery of this Sponsor Agreement.</FONT></FONT></P>
|
| 325 |
+
|
| 326 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 327 |
+
|
| 328 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase; background-color: White"><B>ARTICLE III<U><BR>
|
| 329 |
+
MISCELLANEOUS</U></B></FONT></P>
|
| 330 |
+
|
| 331 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 332 |
+
|
| 333 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.1</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Termination</U></FONT></FONT>.
|
| 334 |
+
This Sponsor Agreement and all of its provisions shall terminate and be of no further force or effect upon the earliest of (a) the
|
| 335 |
+
Expiration Time, (b) the liquidation of Acquiror and (c) the written agreement of the Sponsor, Acquiror, and the Company.
|
| 336 |
+
Upon such termination of this Sponsor Agreement, all obligations of the parties under this Sponsor Agreement will terminate, without
|
| 337 |
+
any liability or other obligation on the part of any party hereto to any Person in respect hereof or the transactions contemplated
|
| 338 |
+
hereby, and no party hereto shall have any claim against another (and no person shall have any rights against such party), whether
|
| 339 |
+
under contract, tort or otherwise, with respect to the subject matter hereof; provided, however, that the termination of this
|
| 340 |
+
Sponsor Agreement shall not relieve any party hereto from liability arising in respect of any breach of this Sponsor Agreement
|
| 341 |
+
prior to such termination. This <U>ARTICLE III</U> shall survive the termination of this Agreement.</P>
|
| 342 |
+
|
| 343 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 344 |
+
|
| 345 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 346 |
+
|
| 347 |
+
<!-- Field: Page; Sequence: 5; Value: 2 -->
|
| 348 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
|
| 349 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 350 |
+
<!-- Field: /Page -->
|
| 351 |
+
|
| 352 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT> </P>
|
| 353 |
+
|
| 354 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.2</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Governing
|
| 355 |
+
Law</U></FONT></FONT>. This Sponsor Agreement, and all claims or causes of action (whether in contract or tort) that may be based
|
| 356 |
+
upon, arise out of or relate to this Sponsor Agreement or the negotiation, execution or performance of this Sponsor Agreement
|
| 357 |
+
(including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in
|
| 358 |
+
connection with this Sponsor Agreement) will be governed by and construed in accordance with the internal Laws of the State of
|
| 359 |
+
Delaware applicable to agreements executed and performed entirely within such State.</P>
|
| 360 |
+
|
| 361 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 362 |
+
|
| 363 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.3</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>CONSENT
|
| 364 |
+
TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL</U></FONT></FONT>.</P>
|
| 365 |
+
|
| 366 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 367 |
+
|
| 368 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(a)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">THE
|
| 369 |
+
PARTIES TO THIS SPONSOR AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE COURTS LOCATED IN WILMINGTON, DELAWARE OR
|
| 370 |
+
THE COURTS OF THE UNITED STATES LOCATED IN WILMINGTON, DELAWARE IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS
|
| 371 |
+
OF THIS SPONSOR AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH AND BY THIS
|
| 372 |
+
SPONSOR AGREEMENT WAIVE, AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS SPONSOR
|
| 373 |
+
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT SUBJECT
|
| 374 |
+
THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SUCH COURTS OR THAT THIS SPONSOR AGREEMENT MAY NOT
|
| 375 |
+
BE ENFORCED IN OR BY SUCH COURTS OR THAT THEIR PROPERTY IS EXEMPT OR IMMUNE FROM EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT
|
| 376 |
+
FORUM, OR THAT THE VENUE OF THE ACTION IS IMPROPER. SERVICE OF PROCESS WITH RESPECT THERETO MAY BE MADE UPON ANY PARTY TO
|
| 377 |
+
THIS SPONSOR AGREEMENT BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS
|
| 378 |
+
AS PROVIDED IN <FONT STYLE="text-transform: uppercase"><U>Section 3.8</U></FONT>.</FONT></FONT></P>
|
| 379 |
+
|
| 380 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 381 |
+
|
| 382 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-size: 10pt; background-color: White">(b)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>WAIVER
|
| 383 |
+
OF TRIAL BY JURY</U>. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SPONSOR
|
| 384 |
+
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
|
| 385 |
+
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF
|
| 386 |
+
OR RELATING TO THIS SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SPONSOR AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
|
| 387 |
+
THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
|
| 388 |
+
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS
|
| 389 |
+
AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH
|
| 390 |
+
SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS SPONSOR AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
|
| 391 |
+
IN THIS <FONT STYLE="text-transform: uppercase"><U>Section 3.3</U></FONT>.</FONT></FONT></P>
|
| 392 |
+
|
| 393 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 394 |
+
|
| 395 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 396 |
+
|
| 397 |
+
<!-- Field: Page; Sequence: 6; Value: 2 -->
|
| 398 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
|
| 399 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 400 |
+
<!-- Field: /Page -->
|
| 401 |
+
|
| 402 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 403 |
+
|
| 404 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.4</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Assignment</U></FONT></FONT>.
|
| 405 |
+
This Sponsor Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and
|
| 406 |
+
their respective heirs, successors and permitted assigns. Neither this Sponsor Agreement nor any of the rights, interests or obligations
|
| 407 |
+
hereunder will be assigned (including by operation of law) without the prior written consent of the parties hereto.</P>
|
| 408 |
+
|
| 409 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 410 |
+
|
| 411 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.5</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Specific
|
| 412 |
+
Performance</U></FONT></FONT>. The parties hereto agree that irreparable damage may occur in the event that any of the provisions
|
| 413 |
+
of this Sponsor Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
|
| 414 |
+
agreed that the parties hereto shall be entitled to seek an injunction or injunctions to prevent breaches of this Sponsor Agreement
|
| 415 |
+
and to enforce specifically the terms and provisions of this Sponsor Agreement in the chancery court or any other state or federal
|
| 416 |
+
court within the State of Delaware, this being in addition to any other remedy to which such party is entitled at law or in equity.</P>
|
| 417 |
+
|
| 418 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 419 |
+
|
| 420 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.6</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Amendment</U></FONT></FONT>.
|
| 421 |
+
This Sponsor Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the
|
| 422 |
+
execution and delivery of a written agreement executed by Acquiror, the Company and the Sponsor Holdco.</P>
|
| 423 |
+
|
| 424 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 425 |
+
|
| 426 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.7</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Severability</U></FONT></FONT>.
|
| 427 |
+
If any provision of this Sponsor Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other
|
| 428 |
+
provisions of this Sponsor Agreement will remain in full force and effect. Any provision of this Sponsor Agreement held invalid
|
| 429 |
+
or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.</P>
|
| 430 |
+
|
| 431 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 432 |
+
|
| 433 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.8</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Notices</U></FONT></FONT>.
|
| 434 |
+
All notices and other communications among the parties hereto shall be in writing and shall be deemed to have been duly given
|
| 435 |
+
(a) when delivered in person, (b) when delivered after posting in the United States mail having been sent registered
|
| 436 |
+
or certified mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight
|
| 437 |
+
delivery service or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business
|
| 438 |
+
Day), addressed as follows:</P>
|
| 439 |
+
|
| 440 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 441 |
+
|
| 442 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><U>If to Acquiror</U>:</FONT></P>
|
| 443 |
+
|
| 444 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 445 |
+
|
| 446 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">Social Capital
|
| 447 |
+
Hedosophia Holdings Corp. II</FONT></P>
|
| 448 |
+
|
| 449 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 450 |
+
|
| 451 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="background-color: White">317
|
| 452 |
+
University Avenue</FONT></P>
|
| 453 |
+
|
| 454 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: White">Palo
|
| 455 |
+
Alto, California 94301<BR>
|
| 456 |
+
</FONT></P>
|
| 457 |
+
|
| 458 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
|
| 459 |
+
<TR STYLE="vertical-align: top">
|
| 460 |
+
<TD STYLE="width: 11%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Attention:</FONT></TD>
|
| 461 |
+
<TD STYLE="width: 89%; font-size: 10pt">Steve Trieu</TD></TR>
|
| 462 |
+
<TR STYLE="vertical-align: top">
|
| 463 |
+
<TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></TD>
|
| 464 |
+
<TD STYLE="font-size: 10pt">steve@socialcapital.com</TD></TR>
|
| 465 |
+
</TABLE>
|
| 466 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><FONT STYLE="font-size: 10pt"></FONT></FONT></P>
|
| 467 |
+
|
| 468 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 469 |
+
|
| 470 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">with a copy to
|
| 471 |
+
(which will not constitute notice):</FONT></P>
|
| 472 |
+
|
| 473 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 474 |
+
|
| 475 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 476 |
+
|
| 477 |
+
<!-- Field: Page; Sequence: 7; Value: 2 -->
|
| 478 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
|
| 479 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 480 |
+
<!-- Field: /Page -->
|
| 481 |
+
|
| 482 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 483 |
+
|
| 484 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: White">Skadden,
|
| 485 |
+
Arps, Slate, Meagher & Flom LLP<BR>
|
| 486 |
+
One Manhattan West<BR>
|
| 487 |
+
New York, New York 10001<BR>
|
| 488 |
+
</FONT></P>
|
| 489 |
+
|
| 490 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
|
| 491 |
+
<TR STYLE="vertical-align: top">
|
| 492 |
+
<TD STYLE="width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Attention:</FONT></TD>
|
| 493 |
+
<TD STYLE="width: 89%">Howard L. Ellin</TD></TR>
|
| 494 |
+
<TR STYLE="vertical-align: top">
|
| 495 |
+
<TD> </TD>
|
| 496 |
+
<TD>Christopher M. Barlow</TD></TR>
|
| 497 |
+
<TR STYLE="vertical-align: top">
|
| 498 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></TD>
|
| 499 |
+
<TD>howard.ellin@skadden.com</TD></TR>
|
| 500 |
+
<TR STYLE="vertical-align: top">
|
| 501 |
+
<TD> </TD>
|
| 502 |
+
<TD>christopher.barlow@skadden.com</TD></TR>
|
| 503 |
+
</TABLE>
|
| 504 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><FONT STYLE="font-size: 10pt"></FONT></FONT></P>
|
| 505 |
+
|
| 506 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 507 |
+
|
| 508 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><U>If to the
|
| 509 |
+
Company</U>:</FONT></P>
|
| 510 |
+
|
| 511 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 512 |
+
|
| 513 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="background-color: White">Opendoor
|
| 514 |
+
Labs Inc.</FONT></P>
|
| 515 |
+
|
| 516 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">1 Post Street,
|
| 517 |
+
Floor 11</FONT></P>
|
| 518 |
+
|
| 519 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">San Francisco,
|
| 520 |
+
CA 94104</FONT></P>
|
| 521 |
+
|
| 522 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>
|
| 523 |
+
|
| 524 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
|
| 525 |
+
<TR STYLE="vertical-align: top">
|
| 526 |
+
<TD STYLE="width: 11%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Attention:</FONT></TD>
|
| 527 |
+
<TD STYLE="width: 89%; font-size: 10pt">Legal Department</TD></TR>
|
| 528 |
+
<TR STYLE="vertical-align: top">
|
| 529 |
+
<TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></TD>
|
| 530 |
+
<TD STYLE="font-size: 10pt">legal@opendoor.com</TD></TR>
|
| 531 |
+
</TABLE>
|
| 532 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><FONT STYLE="font-size: 10pt"></FONT></FONT></P>
|
| 533 |
+
|
| 534 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 535 |
+
|
| 536 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="background-color: White">with
|
| 537 |
+
a copy to (which shall not constitute notice):</FONT></P>
|
| 538 |
+
|
| 539 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 540 |
+
|
| 541 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="background-color: White">Latham &
|
| 542 |
+
Watkins LLP</FONT></P>
|
| 543 |
+
|
| 544 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="background-color: White">885
|
| 545 |
+
Third Ave</FONT></P>
|
| 546 |
+
|
| 547 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: White">New
|
| 548 |
+
York, NY 10022<BR>
|
| 549 |
+
</FONT></P>
|
| 550 |
+
|
| 551 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
|
| 552 |
+
<TR STYLE="vertical-align: top">
|
| 553 |
+
<TD STYLE="width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Attention:</FONT></TD>
|
| 554 |
+
<TD STYLE="width: 89%">Justin G. Hamill</TD></TR>
|
| 555 |
+
<TR STYLE="vertical-align: top">
|
| 556 |
+
<TD STYLE="text-align: justify"> </TD>
|
| 557 |
+
<TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Joshua Dubofsky</FONT></TD></TR>
|
| 558 |
+
<TR STYLE="vertical-align: top">
|
| 559 |
+
<TD> </TD>
|
| 560 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Kristen Grannis</FONT></TD></TR>
|
| 561 |
+
<TR STYLE="vertical-align: top">
|
| 562 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></TD>
|
| 563 |
+
<TD>justin.hamill@lw.com</TD></TR>
|
| 564 |
+
<TR STYLE="vertical-align: top">
|
| 565 |
+
<TD> </TD>
|
| 566 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">joshua.dubofsky@lw.com</FONT></TD></TR>
|
| 567 |
+
<TR STYLE="vertical-align: top">
|
| 568 |
+
<TD> </TD>
|
| 569 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">kristen.grannis@lw.com</FONT></TD></TR>
|
| 570 |
+
</TABLE>
|
| 571 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="background-color: White"></FONT></P>
|
| 572 |
+
|
| 573 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 574 |
+
|
| 575 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><U>If to a Sponsor</U>:</FONT></P>
|
| 576 |
+
|
| 577 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 578 |
+
|
| 579 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">To such Sponsor’s
|
| 580 |
+
address set forth in <U>Schedule I</U></FONT></P>
|
| 581 |
+
|
| 582 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White">with a copy to
|
| 583 |
+
(which will not constitute notice):</FONT></P>
|
| 584 |
+
|
| 585 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 586 |
+
|
| 587 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt; background-color: White">Skadden,
|
| 588 |
+
Arps, Slate, Meagher & Flom LLP<BR>
|
| 589 |
+
One Manhattan West<BR>
|
| 590 |
+
New York, New York 10001<BR>
|
| 591 |
+
</FONT></P>
|
| 592 |
+
|
| 593 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
|
| 594 |
+
<TR STYLE="vertical-align: top">
|
| 595 |
+
<TD STYLE="width: 11%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Attention:</FONT></TD>
|
| 596 |
+
<TD STYLE="width: 89%">Howard L. Ellin</TD></TR>
|
| 597 |
+
<TR STYLE="vertical-align: top">
|
| 598 |
+
<TD> </TD>
|
| 599 |
+
<TD>Christopher M. Barlow</TD></TR>
|
| 600 |
+
<TR STYLE="vertical-align: top">
|
| 601 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Email:</FONT></TD>
|
| 602 |
+
<TD>howard.ellin@skadden.com</TD></TR>
|
| 603 |
+
<TR STYLE="vertical-align: top">
|
| 604 |
+
<TD> </TD>
|
| 605 |
+
<TD>christopher.barlow@skadden.com</TD></TR>
|
| 606 |
+
</TABLE>
|
| 607 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="background-color: White"><FONT STYLE="font-size: 10pt"></FONT></FONT></P>
|
| 608 |
+
|
| 609 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 610 |
+
|
| 611 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.9</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Counterparts</U></FONT></FONT>.
|
| 612 |
+
This Sponsor Agreement may be executed in two or more counterparts (any of which may be delivered by electronic transmission),
|
| 613 |
+
each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt; background-color: White">Section 3.10</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt"><U>Entire
|
| 618 |
+
Agreement</U></FONT></FONT>. This Sponsor Agreement and the agreements referenced herein constitute the entire agreement and understanding
|
| 619 |
+
of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements or representations
|
| 620 |
+
by or among the parties hereto to the extent they relate in any way to the subject matter hereof.</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B>[THE
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REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK]</B></FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: White">IN
|
| 639 |
+
WITNESS WHEREOF, the Sponsors, Acquiror, and the Company have each caused this Sponsor Support Agreement to be duly executed as
|
| 640 |
+
of the date first written above.</FONT></P>
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| 641 |
+
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><FONT STYLE="background-color: White"><B></B></FONT></P>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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<TR STYLE="vertical-align: top">
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| 648 |
+
<TD> </TD>
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| 649 |
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<TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>SPONSORS :</B></FONT></TD>
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| 650 |
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</TR>
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| 651 |
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<TR STYLE="vertical-align: top">
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| 652 |
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<TD> </TD>
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<TD COLSPAN="2"> </TD>
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| 654 |
+
<TD> </TD>
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+
</TR>
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| 656 |
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<TR STYLE="vertical-align: top">
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| 657 |
+
<TD> </TD>
|
| 658 |
+
<TD COLSPAN="3"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white">SCH SPONSOR II LLC</FONT></TD>
|
| 659 |
+
</TR>
|
| 660 |
+
<TR STYLE="vertical-align: top">
|
| 661 |
+
<TD> </TD>
|
| 662 |
+
<TD COLSPAN="2"> </TD>
|
| 663 |
+
<TD> </TD>
|
| 664 |
+
</TR>
|
| 665 |
+
<TR STYLE="vertical-align: top">
|
| 666 |
+
<TD> </TD>
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| 667 |
+
<TD COLSPAN="2"> </TD>
|
| 668 |
+
<TD> </TD></TR>
|
| 669 |
+
<TR STYLE="vertical-align: top">
|
| 670 |
+
<TD> </TD>
|
| 671 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
|
| 672 |
+
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Chamath Palihapitiya</TD>
|
| 673 |
+
</TR>
|
| 674 |
+
<TR STYLE="vertical-align: top">
|
| 675 |
+
<TD STYLE="width: 50%"> </TD>
|
| 676 |
+
<TD STYLE="width: 3%"> </TD>
|
| 677 |
+
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
|
| 678 |
+
<TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chamath Palihapitiya</FONT></TD>
|
| 679 |
+
</TR>
|
| 680 |
+
<TR STYLE="vertical-align: top">
|
| 681 |
+
<TD> </TD>
|
| 682 |
+
<TD> </TD>
|
| 683 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:</FONT></TD>
|
| 684 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Chief Executive Officer</FONT></TD>
|
| 685 |
+
</TR>
|
| 686 |
+
</TABLE>
|
| 687 |
+
|
| 688 |
+
<P STYLE="margin: 0"> </P>
|
| 689 |
+
|
| 690 |
+
<P STYLE="margin: 0"> </P>
|
| 691 |
+
|
| 692 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
|
| 693 |
+
<TR STYLE="vertical-align: top">
|
| 694 |
+
<TD STYLE="text-align: left"> </TD>
|
| 695 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ Chamath Palihapitiya</TD></TR>
|
| 696 |
+
<TR STYLE="vertical-align: top">
|
| 697 |
+
<TD STYLE="text-align: left; width: 50%"> </TD>
|
| 698 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
|
| 699 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chamath
|
| 700 |
+
Palihapitiya</FONT></TD></TR>
|
| 701 |
+
<TR STYLE="vertical-align: top">
|
| 702 |
+
<TD STYLE="text-align: left"> </TD>
|
| 703 |
+
<TD STYLE="text-align: left"> </TD>
|
| 704 |
+
<TD STYLE="text-align: left"> </TD></TR>
|
| 705 |
+
<TR STYLE="vertical-align: top">
|
| 706 |
+
<TD STYLE="text-align: left"> </TD>
|
| 707 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ Ian
|
| 708 |
+
Osborne</TD></TR>
|
| 709 |
+
<TR STYLE="vertical-align: top">
|
| 710 |
+
<TD STYLE="text-align: left"> </TD>
|
| 711 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left">Name:</TD>
|
| 712 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ian
|
| 713 |
+
Osborne</FONT></TD></TR>
|
| 714 |
+
<TR STYLE="vertical-align: top">
|
| 715 |
+
<TD STYLE="text-align: left"> </TD>
|
| 716 |
+
<TD STYLE="text-align: left"> </TD>
|
| 717 |
+
<TD STYLE="text-align: left"> </TD></TR>
|
| 718 |
+
<TR STYLE="vertical-align: top">
|
| 719 |
+
<TD STYLE="text-align: left"> </TD>
|
| 720 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ Adam
|
| 721 |
+
Bain</TD></TR>
|
| 722 |
+
<TR STYLE="vertical-align: top">
|
| 723 |
+
<TD STYLE="text-align: left"> </TD>
|
| 724 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left">Name:</TD>
|
| 725 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adam
|
| 726 |
+
Bain</FONT></TD></TR>
|
| 727 |
+
<TR STYLE="vertical-align: top">
|
| 728 |
+
<TD STYLE="text-align: left"> </TD>
|
| 729 |
+
<TD STYLE="text-align: left"> </TD>
|
| 730 |
+
<TD STYLE="text-align: left"> </TD></TR>
|
| 731 |
+
<TR STYLE="vertical-align: top">
|
| 732 |
+
<TD STYLE="text-align: left"> </TD>
|
| 733 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ David
|
| 734 |
+
Spillane</TD></TR>
|
| 735 |
+
<TR STYLE="vertical-align: top">
|
| 736 |
+
<TD STYLE="text-align: left"> </TD>
|
| 737 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left">Name:</TD>
|
| 738 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">David
|
| 739 |
+
Spillane</FONT></TD></TR>
|
| 740 |
+
<TR STYLE="vertical-align: top">
|
| 741 |
+
<TD STYLE="text-align: left"> </TD>
|
| 742 |
+
<TD STYLE="text-align: left"> </TD>
|
| 743 |
+
<TD STYLE="text-align: left"> </TD></TR>
|
| 744 |
+
<TR STYLE="vertical-align: top">
|
| 745 |
+
<TD STYLE="text-align: left"> </TD>
|
| 746 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ Cipora
|
| 747 |
+
Herman</TD></TR>
|
| 748 |
+
<TR STYLE="vertical-align: top">
|
| 749 |
+
<TD STYLE="text-align: left"> </TD>
|
| 750 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left">Name:</TD>
|
| 751 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cipora
|
| 752 |
+
Herman</FONT></TD></TR>
|
| 753 |
+
<TR STYLE="vertical-align: top">
|
| 754 |
+
<TD STYLE="text-align: left"> </TD>
|
| 755 |
+
<TD STYLE="text-align: left"> </TD>
|
| 756 |
+
<TD STYLE="text-align: left"> </TD></TR>
|
| 757 |
+
<TR STYLE="vertical-align: top">
|
| 758 |
+
<TD STYLE="text-align: left"> </TD>
|
| 759 |
+
<TD COLSPAN="2" STYLE="text-align: left">/s/ Steven
|
| 760 |
+
Trieu</TD></TR>
|
| 761 |
+
<TR STYLE="vertical-align: top">
|
| 762 |
+
<TD STYLE="text-align: left"> </TD>
|
| 763 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left">Name:</TD>
|
| 764 |
+
<TD STYLE="border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Steven
|
| 765 |
+
Trieu</FONT></TD></TR>
|
| 766 |
+
</TABLE>
|
| 767 |
+
|
| 768 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 769 |
+
|
| 770 |
+
<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="background-color: White"><FONT STYLE="background-color: White">[Signature
|
| 771 |
+
Page to Sponsor Support Agreement]</FONT></FONT></P>
|
| 772 |
+
|
| 773 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 774 |
+
|
| 775 |
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
| 776 |
+
|
| 777 |
+
<!-- Field: Page; Sequence: 9 -->
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| 778 |
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
|
| 779 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 780 |
+
<!-- Field: /Page -->
|
| 781 |
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|
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 783 |
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| 785 |
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|
| 786 |
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|
| 787 |
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><FONT STYLE="background-color: White"></FONT></P>
|
| 788 |
+
|
| 789 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
|
| 790 |
+
<TR STYLE="vertical-align: top">
|
| 791 |
+
<TD> </TD>
|
| 792 |
+
<TD COLSPAN="3"><FONT STYLE="background-color: White"><B>ACQUIROR:</B></FONT></TD>
|
| 793 |
+
</TR>
|
| 794 |
+
<TR STYLE="vertical-align: top">
|
| 795 |
+
<TD> </TD>
|
| 796 |
+
<TD COLSPAN="2"> </TD>
|
| 797 |
+
<TD> </TD>
|
| 798 |
+
</TR>
|
| 799 |
+
<TR STYLE="vertical-align: top">
|
| 800 |
+
<TD> </TD>
|
| 801 |
+
<TD COLSPAN="3"><FONT STYLE="text-transform: uppercase; background-color: White">SOCIAL
|
| 802 |
+
CAPITAL HEDOSOPHIA HOLDINGS CORP. II</FONT></TD>
|
| 803 |
+
</TR>
|
| 804 |
+
<TR STYLE="vertical-align: top">
|
| 805 |
+
<TD> </TD>
|
| 806 |
+
<TD COLSPAN="3"> </TD>
|
| 807 |
+
</TR>
|
| 808 |
+
<TR STYLE="vertical-align: top">
|
| 809 |
+
<TD> </TD>
|
| 810 |
+
<TD COLSPAN="3">   </TD></TR>
|
| 811 |
+
<TR STYLE="vertical-align: top">
|
| 812 |
+
<TD> </TD>
|
| 813 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:</FONT></TD>
|
| 814 |
+
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Chamath Palihapitiya</TD>
|
| 815 |
+
</TR>
|
| 816 |
+
<TR STYLE="vertical-align: top">
|
| 817 |
+
<TD STYLE="width: 50%"> </TD>
|
| 818 |
+
<TD STYLE="width: 3%"> </TD>
|
| 819 |
+
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
|
| 820 |
+
<TD STYLE="width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chamath Palihapitiya</FONT></TD>
|
| 821 |
+
</TR>
|
| 822 |
+
<TR STYLE="vertical-align: top">
|
| 823 |
+
<TD> </TD>
|
| 824 |
+
<TD> </TD>
|
| 825 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:</FONT></TD>
|
| 826 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Chief Executive Officer</FONT></TD>
|
| 827 |
+
</TR>
|
| 828 |
+
</TABLE>
|
| 829 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in"><FONT STYLE="background-color: White"> </FONT></P>
|
| 830 |
+
|
| 831 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White">[Signature
|
| 832 |
+
Page to Sponsor Support Agreement]</FONT></P>
|
| 833 |
+
|
| 834 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"> </FONT></P>
|
| 835 |
+
|
| 836 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
| 837 |
+
|
| 838 |
+
<!-- Field: Page; Sequence: 10 -->
|
| 839 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
|
| 840 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 841 |
+
<!-- Field: /Page -->
|
| 842 |
+
|
| 843 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 844 |
+
|
| 845 |
+
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
|
| 846 |
+
<TR STYLE="vertical-align: top">
|
| 847 |
+
<TD> </TD>
|
| 848 |
+
<TD COLSPAN="3"><FONT STYLE="background-color: White"><B>COMPANY:</B></FONT></TD>
|
| 849 |
+
</TR>
|
| 850 |
+
<TR STYLE="vertical-align: top">
|
| 851 |
+
<TD> </TD>
|
| 852 |
+
<TD COLSPAN="2"> </TD>
|
| 853 |
+
<TD> </TD>
|
| 854 |
+
</TR>
|
| 855 |
+
<TR STYLE="vertical-align: top">
|
| 856 |
+
<TD> </TD>
|
| 857 |
+
<TD COLSPAN="3"><FONT STYLE="background-color: White">OPENDOOR LABS
|
| 858 |
+
INC.</FONT></TD>
|
| 859 |
+
</TR>
|
| 860 |
+
<TR STYLE="vertical-align: top">
|
| 861 |
+
<TD> </TD>
|
| 862 |
+
<TD COLSPAN="3"> </TD>
|
| 863 |
+
</TR>
|
| 864 |
+
<TR STYLE="vertical-align: top">
|
| 865 |
+
<TD> </TD>
|
| 866 |
+
<TD COLSPAN="3">   </TD></TR>
|
| 867 |
+
<TR STYLE="vertical-align: top">
|
| 868 |
+
<TD> </TD>
|
| 869 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">By:</FONT></TD>
|
| 870 |
+
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Eric Wu</TD>
|
| 871 |
+
</TR>
|
| 872 |
+
<TR STYLE="vertical-align: top">
|
| 873 |
+
<TD STYLE="width: 50%"> </TD>
|
| 874 |
+
<TD STYLE="width: 3%"> </TD>
|
| 875 |
+
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
|
| 876 |
+
<TD STYLE="width: 42%"> Eric Wu</TD>
|
| 877 |
+
</TR>
|
| 878 |
+
<TR STYLE="vertical-align: top">
|
| 879 |
+
<TD> </TD>
|
| 880 |
+
<TD> </TD>
|
| 881 |
+
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Title:</FONT></TD>
|
| 882 |
+
<TD>Chief Executive Officer</TD>
|
| 883 |
+
</TR>
|
| 884 |
+
</TABLE>
|
| 885 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 886 |
+
|
| 887 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White">[Signature
|
| 888 |
+
Page to Sponsor Support Agreement]</FONT></P>
|
| 889 |
+
|
| 890 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 891 |
+
|
| 892 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"></FONT></P>
|
| 893 |
+
|
| 894 |
+
<!-- Field: Page; Sequence: 11 -->
|
| 895 |
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
|
| 896 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 897 |
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<!-- Field: /Page -->
|
| 898 |
+
|
| 899 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 900 |
+
|
| 901 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B><U>Schedule
|
| 902 |
+
I</U></B></FONT></P>
|
| 903 |
+
|
| 904 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 905 |
+
|
| 906 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B>Sponsor
|
| 907 |
+
Acquiror Common Shares and Acquiror Warrants</B></FONT></P>
|
| 908 |
+
|
| 909 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
|
| 910 |
+
|
| 911 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
|
| 912 |
+
<TR STYLE="vertical-align: bottom">
|
| 913 |
+
<TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Sponsor</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </TD>
|
| 914 |
+
<TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Acquiror
|
| 915 |
+
Common Shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </TD>
|
| 916 |
+
<TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Acquiror Warrants</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </TD></TR>
|
| 917 |
+
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
|
| 918 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 58%; text-align: left"><P STYLE="margin-top: 0; margin-bottom: 0">SCH Sponsor II LLC <BR> </P>
|
| 919 |
+
<P STYLE="margin-top: 0; margin-bottom: 0">c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</P></TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 920 |
+
<TD STYLE="width: 1%; font-size: 10pt; text-align: left"> </TD><TD STYLE="width: 17%; font-size: 10pt; text-align: right">10,150,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 921 |
+
<TD STYLE="width: 1%; font-size: 10pt; text-align: left"> </TD><TD STYLE="width: 17%; font-size: 10pt; text-align: right">6,133,333</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD></TR>
|
| 922 |
+
<TR STYLE="vertical-align: bottom; background-color: White">
|
| 923 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Chamath Palihapitiya <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 924 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">(1)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 925 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">(1)</TD></TR>
|
| 926 |
+
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
|
| 927 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Ian Osborne <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 928 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">(1)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 929 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">(1)</TD></TR>
|
| 930 |
+
<TR STYLE="vertical-align: bottom; background-color: White">
|
| 931 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Adam Bain <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 932 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 933 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD></TR>
|
| 934 |
+
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
|
| 935 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">David Spillane <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 936 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">100,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 937 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD></TR>
|
| 938 |
+
<TR STYLE="vertical-align: bottom; background-color: White">
|
| 939 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Cipora Herman <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 940 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">100,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 941 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD></TR>
|
| 942 |
+
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
|
| 943 |
+
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Steven Trieu <BR> <BR>c/o Social Capital Hedosophia Holding Corp. II <BR>317 University Ave, Suite 200, Palo Alto, CA 94301</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 944 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt"> </TD>
|
| 945 |
+
<TD STYLE="font-size: 10pt; text-align: left"> </TD><TD STYLE="font-size: 10pt; text-align: right">—</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"> </TD></TR>
|
| 946 |
+
</TABLE>
|
| 947 |
+
|
| 948 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 949 |
+
|
| 950 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; background-color: White">(1)</FONT><FONT STYLE="background-color: White"> <FONT STYLE="font-size: 10pt">Messrs. Palihapitiya
|
| 951 |
+
and Osborne may be deemed to beneficially own securities held by SCH Sponsor II LLC by virtue of their shared control over SCH
|
| 952 |
+
Sponsor II LLC. Each of Messrs. Palihapitiya and Osborne disclaims beneficial ownership of securities held by SCH Sponsor
|
| 953 |
+
II LLC.</FONT></FONT></P>
|
| 954 |
+
|
| 955 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 956 |
+
|
| 957 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White">[Schedule
|
| 958 |
+
I to Sponsor Support Agreement]</FONT></P>
|
| 959 |
+
|
| 960 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 961 |
+
|
| 962 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
| 963 |
+
|
| 964 |
+
<!-- Field: Page; Sequence: 12 -->
|
| 965 |
+
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
|
| 966 |
+
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
|
| 967 |
+
<!-- Field: /Page -->
|
| 968 |
+
|
| 969 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 970 |
+
|
| 971 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B><U>Schedule
|
| 972 |
+
II</U></B></FONT></P>
|
| 973 |
+
|
| 974 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 975 |
+
|
| 976 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White"><B>Affiliate
|
| 977 |
+
Agreements</B></FONT></P>
|
| 978 |
+
|
| 979 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 980 |
+
|
| 981 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 982 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Letter
|
| 983 |
+
Agreement, dated April 20, 2020, among Acquiror and Connaught (UK) Limited</FONT></TD></TR></TABLE>
|
| 984 |
+
|
| 985 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 986 |
+
|
| 987 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 988 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Letter
|
| 989 |
+
Agreement, dated April 27, 2020, among the Acquiror, SCH Sponsor II LLC and each
|
| 990 |
+
of the other parties thereto</FONT></TD></TR></TABLE>
|
| 991 |
+
|
| 992 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 993 |
+
|
| 994 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 995 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Registration
|
| 996 |
+
Rights Agreement, dated April 27, 2020, between the Acquiror, SCH Sponsor II LLC
|
| 997 |
+
and certain other security holders named therein</FONT></TD></TR></TABLE>
|
| 998 |
+
|
| 999 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1000 |
+
|
| 1001 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1002 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Administrative
|
| 1003 |
+
Services Agreement, dated April 27, 2020, between the Acquiror and Social Capital
|
| 1004 |
+
Holdings, Inc., which shall terminate at Closing without further liability, cost,
|
| 1005 |
+
payment or other obligation of the Acquiror</FONT></TD></TR></TABLE>
|
| 1006 |
+
|
| 1007 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1008 |
+
|
| 1009 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1010 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1011 |
+
Agreement, dated April 27, 2020, between the Company and Ian Osborne</FONT></TD></TR></TABLE>
|
| 1012 |
+
|
| 1013 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1014 |
+
|
| 1015 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1016 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1017 |
+
Agreement, dated April 27, 2020, between the Company and Adam Bain</FONT></TD></TR></TABLE>
|
| 1018 |
+
|
| 1019 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1020 |
+
|
| 1021 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1022 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1023 |
+
Agreement, dated April 27, 2020, between the Company and David Spillane</FONT></TD></TR></TABLE>
|
| 1024 |
+
|
| 1025 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1026 |
+
|
| 1027 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1028 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1029 |
+
Agreement, dated April 27, 2020, between the Company and Cipora Herman</FONT></TD></TR></TABLE>
|
| 1030 |
+
|
| 1031 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1032 |
+
|
| 1033 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1034 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">9.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1035 |
+
Agreement, dated April 27, 2020, between the Company and Steven Trieu</FONT></TD></TR></TABLE>
|
| 1036 |
+
|
| 1037 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1038 |
+
|
| 1039 |
+
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
|
| 1040 |
+
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="background-color: White">10.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: White">Indemnity
|
| 1041 |
+
Agreement, dated April 27, 2020, between the Company and Simon Williams</FONT></TD></TR></TABLE>
|
| 1042 |
+
|
| 1043 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1044 |
+
|
| 1045 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: White">[Schedule
|
| 1046 |
+
II to Sponsor Support Agreement]</FONT></P>
|
| 1047 |
+
|
| 1048 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: White"> </FONT></P>
|
| 1049 |
+
|
| 1050 |
+
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
|
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+
|
| 1052 |
+
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|
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|
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+
<!-- Field: /Page -->
|
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|
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data/raw/sec/0001801169/8-K-A/2020-09-17_0001104659-20-105791/source/tm2030935d1_ex10-3.htm
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ACCESSION NUMBER: 0001140361-25-033195
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CONFORMED SUBMISSION TYPE: 8-K/A
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PUBLIC DOCUMENT COUNT: 12
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CONFORMED PERIOD OF REPORT: 20250815
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ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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ITEM INFORMATION: Regulation FD Disclosure
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FILED AS OF DATE: 20250828
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DATE AS OF CHANGE: 20250828
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FILER:
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COMPANY DATA:
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COMPANY CONFORMED NAME: Opendoor Technologies Inc.
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ORGANIZATION NAME: 05 Real Estate & Construction
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FILING VALUES:
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FORM TYPE: 8-K/A
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SEC ACT: 1934 Act
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CITY: TEMPE
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STATE: AZ
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FORMER COMPANY:
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FORMER CONFORMED NAME: Social Capital Hedosophia Holdings Corp. II
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| 1 |
+
<?xml version='1.0' encoding='ASCII'?>
|
| 2 |
+
<html xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:srt="http://fasb.org/srt/2025" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:us-gaap="http://fasb.org/us-gaap/2025" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:country="http://xbrl.sec.gov/country/2025" xmlns:currency="http://xbrl.sec.gov/currency/2025" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:naics="http://xbrl.sec.gov/naics/2025" xmlns:sic="http://xbrl.sec.gov/sic/2025" xmlns:stpr="http://xbrl.sec.gov/stpr/2025" xmlns:exch="http://xbrl.sec.gov/exch/2025" xmlns:cef="http://xbrl.sec.gov/cef/2025" xmlns:cyd="http://xbrl.sec.gov/cyd/2025" xmlns:open="http://opendoor.com/20250815" xmlns="http://www.w3.org/1999/xhtml">
|
| 3 |
+
<head>
|
| 4 |
+
<title></title>
|
| 5 |
+
<!-- Licensed to: Broadridge
|
| 6 |
+
Document created using Broadridge PROfile 25.7.1.5324
|
| 7 |
+
Copyright 1995 - 2025 Broadridge -->
|
| 8 |
+
<meta http-equiv="Content-Type" content="text/html"/>
|
| 9 |
+
</head>
|
| 10 |
+
|
| 11 |
+
<body style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; background-color: #ffffff;">
|
| 12 |
+
<div id="DSPFiXBRLHidden" style="display: none;"><ix:header><ix:hidden><ix:nonNumeric name="dei:AmendmentFlag" id="Fact_bd3ddf4012ac4ca6acc5eaf2816c6930" contextRef="c20250815to20250815" format="ixt:fixed-false">false</ix:nonNumeric><ix:nonNumeric name="dei:EntityCentralIndexKey" id="Fact_3554794075244176beae42fdbbd43781" contextRef="c20250815to20250815">0001801169</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="open-20250815.xsd" xlink:type="simple"/></ix:references><ix:resources><xbrli:context id="c20250815to20250815"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-08-15</xbrli:startDate><xbrli:endDate>2025-08-15</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div>
|
| 13 |
+
<div style="line-height: initial;">
|
| 14 |
+
<div><span style="font-size: 10pt;"> </span></div>
|
| 15 |
+
|
| 16 |
+
<div>
|
| 17 |
+
<hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"/>
|
| 18 |
+
<div>
|
| 19 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
|
| 20 |
+
|
| 21 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
|
| 22 |
+
|
| 23 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
|
| 24 |
+
|
| 25 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 26 |
+
</span></div>
|
| 27 |
+
|
| 28 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/>
|
| 29 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br/>
|
| 30 |
+
</div>
|
| 31 |
+
|
| 32 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 18pt; font-weight: bold;">FORM <ix:nonNumeric name="dei:DocumentType" id="Fact_1538c29013a0441b9c6fcf39c453a07b" contextRef="c20250815to20250815">8-K/A</ix:nonNumeric></div>
|
| 33 |
+
|
| 34 |
+
<div style="text-align: center;">
|
| 35 |
+
<div><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 36 |
+
</span></div>
|
| 37 |
+
|
| 38 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/></div>
|
| 39 |
+
|
| 40 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">CURRENT REPORT</div>
|
| 41 |
+
|
| 42 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Pursuant to Section 13 or 15(d)</div>
|
| 43 |
+
|
| 44 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">of The Securities Exchange Act of 1934</div>
|
| 45 |
+
|
| 46 |
+
<div style="font-size: 10pt;"> </div>
|
| 47 |
+
|
| 48 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Date of Report (Date of earliest event reported): August 26, 2025 (<ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_4b6262998fb6481fa4060506ffdeabe8" contextRef="c20250815to20250815" format="ixt:date-monthname-day-year-en">August 15, 2025</ix:nonNumeric>)</div>
|
| 49 |
+
|
| 50 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br/>
|
| 51 |
+
</div>
|
| 52 |
+
|
| 53 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
|
| 54 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/> </div>
|
| 55 |
+
|
| 56 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 24pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityRegistrantName" id="Fact_803b7965536947e4862cb2dc0614ce69" contextRef="c20250815to20250815">Opendoor Technologies Inc.</ix:nonNumeric><br/>
|
| 57 |
+
</div>
|
| 58 |
+
|
| 59 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
|
| 60 |
+
|
| 61 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br/>
|
| 62 |
+
</div>
|
| 63 |
+
|
| 64 |
+
<div style="text-align: left;">
|
| 65 |
+
<div><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span></div>
|
| 66 |
+
|
| 67 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/></div>
|
| 68 |
+
|
| 69 |
+
<div> <br/>
|
| 70 |
+
</div>
|
| 71 |
+
|
| 72 |
+
<table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0;">
|
| 73 |
+
|
| 74 |
+
|
| 75 |
+
<tr>
|
| 76 |
+
|
| 77 |
+
<td style="width: 33%; vertical-align: top; font-size: 10pt;">
|
| 78 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" id="Fact_9dccf575c4714281a7e88c5dcb037611" contextRef="c20250815to20250815" format="ixt-sec:stateprovnameen">Delaware</ix:nonNumeric><br/>
|
| 79 |
+
</div>
|
| 80 |
+
</td>
|
| 81 |
+
|
| 82 |
+
<td style="width: 34%; vertical-align: top; font-size: 10pt;">
|
| 83 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><ix:nonNumeric name="dei:EntityFileNumber" id="Fact_1c20fa49f7c04ed2a92c0b525f6e7e83" contextRef="c20250815to20250815">001-39253</ix:nonNumeric><br/>
|
| 84 |
+
</div>
|
| 85 |
+
</td>
|
| 86 |
+
|
| 87 |
+
<td style="width: 33%; vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center;"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" id="Fact_f640edfb531f4eacb2c66aef967f851e" contextRef="c20250815to20250815">30-1318214</ix:nonNumeric><br/>
|
| 88 |
+
</td>
|
| 89 |
+
|
| 90 |
+
</tr>
|
| 91 |
+
|
| 92 |
+
<tr>
|
| 93 |
+
|
| 94 |
+
<td style="width: 33%; vertical-align: top;">
|
| 95 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(State or other jurisdiction of incorporation)</div>
|
| 96 |
+
</td>
|
| 97 |
+
|
| 98 |
+
<td style="width: 34%; vertical-align: top;">
|
| 99 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Commission File Number)</div>
|
| 100 |
+
</td>
|
| 101 |
+
|
| 102 |
+
<td style="width: 33%; vertical-align: top;">
|
| 103 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(I.R.S. Employer Identification No.)</div>
|
| 104 |
+
</td>
|
| 105 |
+
|
| 106 |
+
</tr>
|
| 107 |
+
|
| 108 |
+
|
| 109 |
+
</table>
|
| 110 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 111 |
+
</span></div>
|
| 112 |
+
|
| 113 |
+
<table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0;">
|
| 114 |
+
|
| 115 |
+
|
| 116 |
+
<tr>
|
| 117 |
+
|
| 118 |
+
<td style="width: 49%; vertical-align: top; white-space: nowrap;">
|
| 119 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);"><ix:nonNumeric name="dei:EntityAddressAddressLine1" id="Fact_4c37a678fd364f719ba587e8d46aaf58" contextRef="c20250815to20250815">410 N. Scottsdale Road, Suite 1000</ix:nonNumeric><br/>
|
| 120 |
+
</span></div>
|
| 121 |
+
</td>
|
| 122 |
+
|
| 123 |
+
<td style="width: 2%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 124 |
+
|
| 125 |
+
<td style="width: 49%; vertical-align: top; font-size: 10pt;"><br/>
|
| 126 |
+
</td>
|
| 127 |
+
|
| 128 |
+
</tr>
|
| 129 |
+
|
| 130 |
+
<tr>
|
| 131 |
+
|
| 132 |
+
<td style="width: 49%; vertical-align: bottom; font-size: 10pt;">
|
| 133 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><ix:nonNumeric name="dei:EntityAddressCityOrTown" id="Fact_1036a4a72c88469d9c572806cf5f24e0" contextRef="c20250815to20250815">Tempe</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" id="Fact_7c8ac1b1d70d48d9b5c7e3e894599faa" contextRef="c20250815to20250815">AZ</ix:nonNumeric></div>
|
| 134 |
+
</td>
|
| 135 |
+
|
| 136 |
+
<td style="width: 2%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 137 |
+
|
| 138 |
+
<td style="width: 49%; vertical-align: bottom; font-size: 10pt;">
|
| 139 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><ix:nonNumeric name="dei:EntityAddressPostalZipCode" id="Fact_d097f37c41ea44f68b35149a49463e11" contextRef="c20250815to20250815">85288</ix:nonNumeric><br/>
|
| 140 |
+
</div>
|
| 141 |
+
</td>
|
| 142 |
+
|
| 143 |
+
</tr>
|
| 144 |
+
|
| 145 |
+
<tr>
|
| 146 |
+
|
| 147 |
+
<td style="width: 49%; vertical-align: top; font-size: 10pt; white-space: nowrap;">
|
| 148 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">(Address of principal executive offices)</div>
|
| 149 |
+
</td>
|
| 150 |
+
|
| 151 |
+
<td style="width: 2%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 152 |
+
|
| 153 |
+
<td style="width: 49%; vertical-align: top; font-size: 10pt;">
|
| 154 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">(Zip Code)</div>
|
| 155 |
+
</td>
|
| 156 |
+
|
| 157 |
+
</tr>
|
| 158 |
+
|
| 159 |
+
|
| 160 |
+
</table>
|
| 161 |
+
<div style="font-size: 10pt;"> </div>
|
| 162 |
+
|
| 163 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_d1aa0e90ca1841abb1e4c9b84b8d15b4" contextRef="c20250815to20250815">480</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_35e036e29f0b40759c0e1b7de92a4bdc" contextRef="c20250815to20250815">618-6760</ix:nonNumeric></div>
|
| 164 |
+
|
| 165 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Registrant’s telephone number, including area code)</div>
|
| 166 |
+
|
| 167 |
+
<div style="font-size: 10pt;"> </div>
|
| 168 |
+
|
| 169 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">N/A</div>
|
| 170 |
+
|
| 171 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Former name or former address, if changed since last report)</div>
|
| 172 |
+
|
| 173 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br/>
|
| 174 |
+
</div>
|
| 175 |
+
|
| 176 |
+
<div>
|
| 177 |
+
<div style="font-size: 10pt;">
|
| 178 |
+
<div><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span></div>
|
| 179 |
+
|
| 180 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/></div>
|
| 181 |
+
|
| 182 |
+
<div style="font-size: 10pt;"><br/>
|
| 183 |
+
</div>
|
| 184 |
+
|
| 185 |
+
</div>
|
| 186 |
+
|
| 187 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
|
| 188 |
+
provisions:</div>
|
| 189 |
+
|
| 190 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 191 |
+
</span></div>
|
| 192 |
+
|
| 193 |
+
<table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0;" class="DSPFListTable">
|
| 194 |
+
|
| 195 |
+
|
| 196 |
+
<tr>
|
| 197 |
+
|
| 198 |
+
<td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_f10e745bf9ac4cfaab35af39e1d3d672" contextRef="c20250815to20250815" format="ixt-sec:boolballotbox">☐</ix:nonNumeric></td>
|
| 199 |
+
|
| 200 |
+
<td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
|
| 201 |
+
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
|
| 202 |
+
</td>
|
| 203 |
+
|
| 204 |
+
</tr>
|
| 205 |
+
|
| 206 |
+
|
| 207 |
+
</table>
|
| 208 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 209 |
+
</span></div>
|
| 210 |
+
|
| 211 |
+
<table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0;" class="DSPFListTable">
|
| 212 |
+
|
| 213 |
+
|
| 214 |
+
<tr>
|
| 215 |
+
|
| 216 |
+
<td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_6565d78c98cd482e9fc2f24deb682f9b" contextRef="c20250815to20250815" format="ixt-sec:boolballotbox">☐</ix:nonNumeric></td>
|
| 217 |
+
|
| 218 |
+
<td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
|
| 219 |
+
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
|
| 220 |
+
</td>
|
| 221 |
+
|
| 222 |
+
</tr>
|
| 223 |
+
|
| 224 |
+
|
| 225 |
+
</table>
|
| 226 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 227 |
+
</span></div>
|
| 228 |
+
|
| 229 |
+
<table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0;" class="DSPFListTable">
|
| 230 |
+
|
| 231 |
+
|
| 232 |
+
<tr>
|
| 233 |
+
|
| 234 |
+
<td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_dea9d50e10844d0e8f7dd0fa82f5cf75" contextRef="c20250815to20250815" format="ixt-sec:boolballotbox">☐</ix:nonNumeric></td>
|
| 235 |
+
|
| 236 |
+
<td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
|
| 237 |
+
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
|
| 238 |
+
</td>
|
| 239 |
+
|
| 240 |
+
</tr>
|
| 241 |
+
|
| 242 |
+
|
| 243 |
+
</table>
|
| 244 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 245 |
+
</span></div>
|
| 246 |
+
|
| 247 |
+
<table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000; border-spacing: 0;" class="DSPFListTable">
|
| 248 |
+
|
| 249 |
+
|
| 250 |
+
<tr>
|
| 251 |
+
|
| 252 |
+
<td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_495e240130ff46dcb10f0ba0b5e09565" contextRef="c20250815to20250815" format="ixt-sec:boolballotbox">☐</ix:nonNumeric></td>
|
| 253 |
+
|
| 254 |
+
<td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
|
| 255 |
+
<div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
|
| 256 |
+
</td>
|
| 257 |
+
|
| 258 |
+
</tr>
|
| 259 |
+
|
| 260 |
+
|
| 261 |
+
</table>
|
| 262 |
+
<div><br/></div>
|
| 263 |
+
|
| 264 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
|
| 265 |
+
|
| 266 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 267 |
+
</span></div>
|
| 268 |
+
|
| 269 |
+
<table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0;">
|
| 270 |
+
|
| 271 |
+
|
| 272 |
+
<tr>
|
| 273 |
+
|
| 274 |
+
<td style="width: 51%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-size: 10pt;">
|
| 275 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Title of each class</div>
|
| 276 |
+
</td>
|
| 277 |
+
|
| 278 |
+
<td style="width: 0.73%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 279 |
+
|
| 280 |
+
<td style="width: 10.01%; vertical-align: bottom; border-bottom: #000000 2px solid;">
|
| 281 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Trading</div>
|
| 282 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Symbol(s)</div>
|
| 283 |
+
</td>
|
| 284 |
+
|
| 285 |
+
<td style="width: 0.73%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 286 |
+
|
| 287 |
+
<td style="width: 36.87%; vertical-align: bottom; border-bottom: #000000 2px solid;">
|
| 288 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Name of each exchange</div>
|
| 289 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">on which registered</div>
|
| 290 |
+
</td>
|
| 291 |
+
|
| 292 |
+
</tr>
|
| 293 |
+
|
| 294 |
+
<tr>
|
| 295 |
+
|
| 296 |
+
<td style="width: 51%; vertical-align: top; font-size: 10pt; text-align: center;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_82c527a9fb0c47988edcfcaf931ec055" contextRef="c20250815to20250815">Common stock, $0.0001 par value per share</ix:nonNumeric><br/>
|
| 297 |
+
</td>
|
| 298 |
+
|
| 299 |
+
<td style="width: 0.73%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 300 |
+
|
| 301 |
+
<td style="width: 10.01%; vertical-align: top; font-size: 10pt; text-align: center;"><ix:nonNumeric name="dei:TradingSymbol" id="Fact_72ba8e9c90c643deae416ced164b7d6f" contextRef="c20250815to20250815">OPEN</ix:nonNumeric><br/>
|
| 302 |
+
</td>
|
| 303 |
+
|
| 304 |
+
<td style="width: 0.73%; vertical-align: bottom; font-size: 10pt;"> </td>
|
| 305 |
+
|
| 306 |
+
<td style="width: 36.87%; vertical-align: top; font-size: 10pt;">
|
| 307 |
+
<div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><ix:nonNumeric name="dei:SecurityExchangeName" id="Fact_c3dd63fbf3c74354a1790ba51488505e" contextRef="c20250815to20250815" format="ixt-sec:exchnameen">The Nasdaq Stock Market LLC</ix:nonNumeric><br/>
|
| 308 |
+
</div>
|
| 309 |
+
</td>
|
| 310 |
+
|
| 311 |
+
</tr>
|
| 312 |
+
|
| 313 |
+
|
| 314 |
+
</table>
|
| 315 |
+
<div style="font-size: 10pt;"> </div>
|
| 316 |
+
|
| 317 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
|
| 318 |
+
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).</div>
|
| 319 |
+
|
| 320 |
+
<div style="font-size: 10pt;"> </div>
|
| 321 |
+
|
| 322 |
+
<div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Emerging growth company <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_610c5bd3381a493089afbc83080bde66" contextRef="c20250815to20250815" format="ixt-sec:boolballotbox">☐</ix:nonNumeric></div>
|
| 323 |
+
|
| 324 |
+
<div style="font-size: 10pt;"> </div>
|
| 325 |
+
|
| 326 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
|
| 327 |
+
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐</div>
|
| 328 |
+
|
| 329 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 330 |
+
</span></div>
|
| 331 |
+
|
| 332 |
+
<div>
|
| 333 |
+
<div style="font-size: 10pt;">
|
| 334 |
+
<hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"/></div>
|
| 335 |
+
|
| 336 |
+
</div>
|
| 337 |
+
|
| 338 |
+
<div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
|
| 339 |
+
<div style="page-break-after: always;" class="BRPFPageBreak">
|
| 340 |
+
<hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"/></div>
|
| 341 |
+
|
| 342 |
+
</div>
|
| 343 |
+
|
| 344 |
+
<div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Explanatory Note</div>
|
| 345 |
+
|
| 346 |
+
<div style="font-size: 10pt;"> </div>
|
| 347 |
+
|
| 348 |
+
<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">This Current Report on Form 8-K/A amends Item 5.02 of the Current Report on Form 8-K (the “Original Report”) filed by Opendoor Technologies Inc. (the
|
| 349 |
+
“Company”) with the Securities and Exchange Commission (the “SEC”) on August 15, 2025. Except for the additional information described below, nothing disclosed in the Original Report has changed.</div>
|
| 350 |
+
|
| 351 |
+
<div style="font-size: 10pt;"> </div>
|
| 352 |
+
|
| 353 |
+
<div>
|
| 354 |
+
<div>
|
| 355 |
+
<div>
|
| 356 |
+
<table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-spacing: 0;">
|
| 357 |
+
|
| 358 |
+
|
| 359 |
+
<tr style="vertical-align: top;">
|
| 360 |
+
|
| 361 |
+
<td style="text-align: right; vertical-align: top; width: 45pt;">
|
| 362 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><span style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 5.02.</span></div>
|
| 363 |
+
</td>
|
| 364 |
+
|
| 365 |
+
<td style="text-align: left; vertical-align: top; width: auto;">
|
| 366 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
|
| 367 |
+
Arrangements of Certain Officers</div>
|
| 368 |
+
</td>
|
| 369 |
+
|
| 370 |
+
</tr>
|
| 371 |
+
|
| 372 |
+
|
| 373 |
+
</table>
|
| 374 |
+
</div>
|
| 375 |
+
|
| 376 |
+
</div>
|
| 377 |
+
|
| 378 |
+
</div>
|
| 379 |
+
|
| 380 |
+
<div style="font-size: 10pt;"> </div>
|
| 381 |
+
|
| 382 |
+
<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">As previously disclosed, effective August 15, 2025, the Board of Directors (the “Board”) of the Company appointed Shrisha Radhakrishna as President of the
|
| 383 |
+
Company and designated Mr. Radhakrishna as the Company’s interim principal executive officer. At the time of the Original Report, the modifications to Mr. Radhakrishna’s compensation arrangements had not been finalized.</div>
|
| 384 |
+
|
| 385 |
+
<div style="font-size: 10pt;"> </div>
|
| 386 |
+
|
| 387 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Effective August </span><span style="font-size: 10pt;">26<span style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">, 2025, in connection with his appointment as President and interim principal executive officer of the Company, Shrisha Radhakrishna and Opendoor Labs Inc. entered into an amended offer letter agreement (the
|
| 388 |
+
“Amended Offer Letter”). Pursuant to the Amended Offer Letter, Mr. Radhakrishna’s annual base salary was increased to $700,000 and his target bonus opportunity under the Company’s annual cash incentive program remains unchanged at 50% of his
|
| 389 |
+
annual base salary (but he will receive a minimum annual bonus for 2025 of $500,000). The Amended Offer Letter further provides that Mr. Radhakrishna will receive a one-time cash retention bonus in the amount of $</span>2<span style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">50,000 in connection with his appointment.  Mr. Radhakrishna’s eligibility for severance payments and benefits upon certain qualifying terminations of employment will continue to be
|
| 390 |
+
governed by the Company’s Executive Severance Plan, under which he </span>has been<span style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> designated as a Tier </span>1<span style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> participant.</span></span></div>
|
| 391 |
+
|
| 392 |
+
<div style="font-size: 10pt;"> </div>
|
| 393 |
+
|
| 394 |
+
<div>
|
| 395 |
+
<table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-spacing: 0;">
|
| 396 |
+
|
| 397 |
+
|
| 398 |
+
<tr style="vertical-align: top;">
|
| 399 |
+
|
| 400 |
+
<td style="text-align: right; vertical-align: top; width: 45pt;">
|
| 401 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 7.01.</div>
|
| 402 |
+
</td>
|
| 403 |
+
|
| 404 |
+
<td style="text-align: left; vertical-align: top; width: auto;">
|
| 405 |
+
<div style="text-align: left; text-indent: -36pt; margin-left: 36pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Regulation FD Disclosure.</div>
|
| 406 |
+
</td>
|
| 407 |
+
|
| 408 |
+
</tr>
|
| 409 |
+
|
| 410 |
+
|
| 411 |
+
</table>
|
| 412 |
+
</div>
|
| 413 |
+
|
| 414 |
+
<div style="font-size: 10pt;"> </div>
|
| 415 |
+
|
| 416 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">On August 28, 2025, Shrisha Radhakrishna purchased 30,000 shares of the Company’s common stock on the open market in compliance with the Company’s Insider Trading and
|
| 417 |
+
Trading Windows Policy. In addition, Shrisha Radhakrishna, Selim Freiha and Sydney Schaub have each terminated the 10b5-1 trading plans they each had previously adopted related to the sale of the Company’s common stock.</div>
|
| 418 |
+
|
| 419 |
+
<div style="font-size: 10pt;"> </div>
|
| 420 |
+
|
| 421 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">The information contained in Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities
|
| 422 |
+
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act,
|
| 423 |
+
except as shall be expressly set forth by specific reference in such a filing.</div>
|
| 424 |
+
|
| 425 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"> <br/>
|
| 426 |
+
</div>
|
| 427 |
+
|
| 428 |
+
<div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
|
| 429 |
+
<div style="page-break-after: always;" class="BRPFPageBreak">
|
| 430 |
+
<hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"/></div>
|
| 431 |
+
|
| 432 |
+
</div>
|
| 433 |
+
|
| 434 |
+
<div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES</div>
|
| 435 |
+
|
| 436 |
+
<div style="font-size: 10pt;"> </div>
|
| 437 |
+
|
| 438 |
+
<div style="text-align: left; text-indent: 24.5pt; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
|
| 439 |
+
undersigned hereunto duly authorized.</div>
|
| 440 |
+
|
| 441 |
+
<div style="text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman';"> </span><span style="font-size: 10pt;"><br/>
|
| 442 |
+
</span></div>
|
| 443 |
+
|
| 444 |
+
<table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0;">
|
| 445 |
+
|
| 446 |
+
|
| 447 |
+
<tr>
|
| 448 |
+
|
| 449 |
+
<td style="width: 50%; vertical-align: top; font-size: 10pt;"> </td>
|
| 450 |
+
|
| 451 |
+
<td colspan="2" style="vertical-align: bottom; font-size: 10pt;">
|
| 452 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Opendoor Technologies Inc.</div>
|
| 453 |
+
</td>
|
| 454 |
+
|
| 455 |
+
</tr>
|
| 456 |
+
|
| 457 |
+
<tr>
|
| 458 |
+
|
| 459 |
+
<td style="width: 50%; vertical-align: middle; font-size: 10pt;"> </td>
|
| 460 |
+
|
| 461 |
+
<td style="width: 5%; vertical-align: middle; font-size: 10pt;"> </td>
|
| 462 |
+
|
| 463 |
+
<td style="width: 44.71%; vertical-align: middle; font-size: 10pt;"> </td>
|
| 464 |
+
|
| 465 |
+
</tr>
|
| 466 |
+
|
| 467 |
+
<tr>
|
| 468 |
+
|
| 469 |
+
<td style="width: 50%; vertical-align: top;">
|
| 470 |
+
<div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">Date: August </span><span style="font-size: 10pt;">28<span style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">, 2025</span></span></div>
|
| 471 |
+
</td>
|
| 472 |
+
|
| 473 |
+
<td style="width: 5%; vertical-align: bottom; font-size: 10pt;">
|
| 474 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">By:</div>
|
| 475 |
+
</td>
|
| 476 |
+
|
| 477 |
+
<td style="width: 44.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-size: 10pt;">
|
| 478 |
+
<div>
|
| 479 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">/s/ Selim Freiha</div>
|
| 480 |
+
</div>
|
| 481 |
+
</td>
|
| 482 |
+
|
| 483 |
+
</tr>
|
| 484 |
+
|
| 485 |
+
<tr>
|
| 486 |
+
|
| 487 |
+
<td style="width: 50%; vertical-align: top; font-size: 10pt;"> </td>
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| 488 |
+
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| 489 |
+
<td style="width: 5%; vertical-align: bottom; font-size: 10pt;">
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| 490 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Name:</div>
|
| 491 |
+
</td>
|
| 492 |
+
|
| 493 |
+
<td style="width: 44.71%; vertical-align: bottom; font-size: 10pt;">
|
| 494 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Selim Freiha</div>
|
| 495 |
+
</td>
|
| 496 |
+
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| 497 |
+
</tr>
|
| 498 |
+
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<tr>
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<td style="width: 50%; vertical-align: top; font-size: 10pt;"> </td>
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| 503 |
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<td style="width: 5%; vertical-align: top; font-size: 10pt;">
|
| 504 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Title:</div>
|
| 505 |
+
</td>
|
| 506 |
+
|
| 507 |
+
<td style="width: 44.71%; vertical-align: bottom; font-size: 10pt;">
|
| 508 |
+
<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Chief Financial Officer</div>
|
| 509 |
+
</td>
|
| 510 |
+
|
| 511 |
+
</tr>
|
| 512 |
+
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| 513 |
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+
</table>
|
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<div style="font-size: 10pt;"><br/>
|
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+
</div>
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+
<div style="font-size: 10pt;"><br/>
|
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+
</div>
|
| 520 |
+
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| 521 |
+
<div style="font-size: 10pt;">
|
| 522 |
+
<hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; border: none; margin-left: auto; margin-right: auto;"/></div>
|
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+
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| 524 |
+
</div>
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+
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| 526 |
+
</div>
|
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+
<div><span style="font-size: 10pt;"> </span></div>
|
| 529 |
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+
</div>
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+
</body>
|
| 532 |
+
</html>
|
data/raw/sec/0001801169/8-K-A/2025-08-28_0001140361-25-033195/source/open-20250815.xsd
ADDED
|
@@ -0,0 +1,34 @@
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| 1 |
+
<?xml version="1.0" encoding="us-ascii"?>
|
| 2 |
+
<!--Generated by Broadridge PROfile 25.7.1.5324 Broadridge-->
|
| 3 |
+
<xs:schema targetNamespace="http://opendoor.com/20250815" elementFormDefault="qualified" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:open="http://opendoor.com/20250815" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:dei="http://xbrl.sec.gov/dei/2025" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:us-types="http://fasb.org/us-types/2025" xmlns:srt-types="http://fasb.org/srt-types/2025">
|
| 4 |
+
<xs:annotation>
|
| 5 |
+
<xs:appinfo>
|
| 6 |
+
<link:linkbaseRef xlink:type="simple" xlink:href="open-20250815_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
|
| 7 |
+
<link:linkbaseRef xlink:type="simple" xlink:href="open-20250815_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
|
| 8 |
+
<link:roleType roleURI="http://opendoor.com/role/DocumentAndEntityInformation" id="DocumentAndEntityInformation">
|
| 9 |
+
<link:definition>000100 - Document - Document and Entity Information</link:definition>
|
| 10 |
+
<link:usedOn>link:presentationLink</link:usedOn>
|
| 11 |
+
<link:usedOn>link:calculationLink</link:usedOn>
|
| 12 |
+
<link:usedOn>link:definitionLink</link:usedOn>
|
| 13 |
+
</link:roleType>
|
| 14 |
+
</xs:appinfo>
|
| 15 |
+
</xs:annotation>
|
| 16 |
+
<xs:import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd" />
|
| 17 |
+
<xs:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
|
| 18 |
+
<xs:import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
|
| 19 |
+
<xs:import namespace="http://xbrl.sec.gov/currency/2025" schemaLocation="https://xbrl.sec.gov/currency/2025/currency-2025.xsd" />
|
| 20 |
+
<xs:import namespace="http://xbrl.sec.gov/exch/2025" schemaLocation="https://xbrl.sec.gov/exch/2025/exch-2025.xsd" />
|
| 21 |
+
<xs:import namespace="http://xbrl.sec.gov/naics/2025" schemaLocation="https://xbrl.sec.gov/naics/2025/naics-2025.xsd" />
|
| 22 |
+
<xs:import namespace="http://xbrl.sec.gov/sic/2025" schemaLocation="https://xbrl.sec.gov/sic/2025/sic-2025.xsd" />
|
| 23 |
+
<xs:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
|
| 24 |
+
<xs:import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
|
| 25 |
+
<xs:import namespace="http://xbrl.sec.gov/stpr/2025" schemaLocation="https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd" />
|
| 26 |
+
<xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
|
| 27 |
+
<xs:import namespace="http://www.xbrl.org/2004/ref" schemaLocation="http://www.xbrl.org/2004/ref-2004-08-10.xsd" />
|
| 28 |
+
<xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
|
| 29 |
+
<xs:import namespace="http://fasb.org/us-types/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd" />
|
| 30 |
+
<xs:import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
|
| 31 |
+
<xs:import namespace="http://fasb.org/srt/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd" />
|
| 32 |
+
<xs:import namespace="http://fasb.org/srt-types/2025" schemaLocation="https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd" />
|
| 33 |
+
<xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
|
| 34 |
+
</xs:schema>
|
data/raw/sec/0001801169/8-K-A/2025-08-28_0001140361-25-033195/source/open-20250815_lab.xml
ADDED
|
@@ -0,0 +1,100 @@
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|
| 1 |
+
<?xml version="1.0" encoding="us-ascii"?>
|
| 2 |
+
<!--Generated by Broadridge PROfile 25.7.1.5324 Broadridge-->
|
| 3 |
+
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
|
| 4 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" />
|
| 5 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
|
| 6 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" />
|
| 7 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
|
| 8 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
|
| 9 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
|
| 10 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
|
| 11 |
+
<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
|
| 12 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
|
| 13 |
+
<link:label xlink:type="resource" xlink:label="dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CoverAbstract" xml:lang="en-US" id="dei_CoverAbstract">Cover [Abstract]</link:label>
|
| 14 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="dei_CoverAbstract" xlink:title="label: CoverAbstract to dei_CoverAbstract" />
|
| 15 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
|
| 16 |
+
<link:label xlink:type="resource" xlink:label="dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentType" xml:lang="en-US" id="dei_DocumentType">Document Type</link:label>
|
| 17 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="dei_DocumentType" xlink:title="label: DocumentType to dei_DocumentType" />
|
| 18 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
|
| 19 |
+
<link:label xlink:type="resource" xlink:label="dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_WrittenCommunications" xml:lang="en-US" id="dei_WrittenCommunications">Written Communications</link:label>
|
| 20 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WrittenCommunications" xlink:to="dei_WrittenCommunications" xlink:title="label: WrittenCommunications to dei_WrittenCommunications" />
|
| 21 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
|
| 22 |
+
<link:label xlink:type="resource" xlink:label="dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SolicitingMaterial" xml:lang="en-US" id="dei_SolicitingMaterial">Soliciting Material</link:label>
|
| 23 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SolicitingMaterial" xlink:to="dei_SolicitingMaterial" xlink:title="label: SolicitingMaterial to dei_SolicitingMaterial" />
|
| 24 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
|
| 25 |
+
<link:label xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementTenderOffer" xml:lang="en-US" id="dei_PreCommencementTenderOffer">Pre-commencement Tender Offer</link:label>
|
| 26 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer" xlink:title="label: PreCommencementTenderOffer to dei_PreCommencementTenderOffer" />
|
| 27 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
|
| 28 |
+
<link:label xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementIssuerTenderOffer" xml:lang="en-US" id="dei_PreCommencementIssuerTenderOffer">Pre-commencement Issuer Tender Offer</link:label>
|
| 29 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer" xlink:title="label: PreCommencementIssuerTenderOffer to dei_PreCommencementIssuerTenderOffer" />
|
| 30 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
|
| 31 |
+
<link:label xlink:type="resource" xlink:label="dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_AmendmentFlag" xml:lang="en-US" id="dei_AmendmentFlag">Amendment Flag</link:label>
|
| 32 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="dei_AmendmentFlag" xlink:title="label: AmendmentFlag to dei_AmendmentFlag" />
|
| 33 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
|
| 34 |
+
<link:label xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalYearFocus" xml:lang="en-US" id="dei_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
|
| 35 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus" xlink:title="label: DocumentFiscalYearFocus to dei_DocumentFiscalYearFocus" />
|
| 36 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
|
| 37 |
+
<link:label xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentFiscalPeriodFocus" xml:lang="en-US" id="dei_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
|
| 38 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus" xlink:title="label: DocumentFiscalPeriodFocus to dei_DocumentFiscalPeriodFocus" />
|
| 39 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
|
| 40 |
+
<link:label xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_DocumentPeriodEndDate" xml:lang="en-US" id="dei_DocumentPeriodEndDate">Document Period End Date</link:label>
|
| 41 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate" xlink:title="label: DocumentPeriodEndDate to dei_DocumentPeriodEndDate" />
|
| 42 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
|
| 43 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityRegistrantName" xml:lang="en-US" id="dei_EntityRegistrantName">Entity Registrant Name</link:label>
|
| 44 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="dei_EntityRegistrantName" xlink:title="label: EntityRegistrantName to dei_EntityRegistrantName" />
|
| 45 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
|
| 46 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityCentralIndexKey" xml:lang="en-US" id="dei_EntityCentralIndexKey">Entity Central Index Key</link:label>
|
| 47 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey" xlink:title="label: EntityCentralIndexKey to dei_EntityCentralIndexKey" />
|
| 48 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
|
| 49 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityFileNumber" xml:lang="en-US" id="dei_EntityFileNumber">Entity File Number</link:label>
|
| 50 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="dei_EntityFileNumber" xlink:title="label: EntityFileNumber to dei_EntityFileNumber" />
|
| 51 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
|
| 52 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber">Entity Tax Identification Number</link:label>
|
| 53 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber" xlink:title="label: EntityTaxIdentificationNumber to dei_EntityTaxIdentificationNumber" />
|
| 54 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
|
| 55 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
|
| 56 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode" xlink:title="label: EntityIncorporationStateCountryCode to dei_EntityIncorporationStateCountryCode" />
|
| 57 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
|
| 58 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
|
| 59 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany" xlink:title="label: EntityEmergingGrowthCompany to dei_EntityEmergingGrowthCompany" />
|
| 60 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
|
| 61 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1" xml:lang="en-US" id="dei_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
|
| 62 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1" xlink:title="label: EntityAddressAddressLine1 to dei_EntityAddressAddressLine1" />
|
| 63 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
|
| 64 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2" xml:lang="en-US" id="dei_EntityAddressAddressLine2">Entity Address, Address Line Two</link:label>
|
| 65 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2" />
|
| 66 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
|
| 67 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine3" xml:lang="en-US" id="dei_EntityAddressAddressLine3">Entity Address, Address Line Three</link:label>
|
| 68 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3" xlink:title="label: EntityAddressAddressLine3 to dei_EntityAddressAddressLine3" />
|
| 69 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
|
| 70 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCityOrTown" xml:lang="en-US" id="dei_EntityAddressCityOrTown">Entity Address, City or Town</link:label>
|
| 71 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown" xlink:title="label: EntityAddressCityOrTown to dei_EntityAddressCityOrTown" />
|
| 72 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
|
| 73 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressStateOrProvince" xml:lang="en-US" id="dei_EntityAddressStateOrProvince">Entity Address, State or Province</link:label>
|
| 74 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince" xlink:title="label: EntityAddressStateOrProvince to dei_EntityAddressStateOrProvince" />
|
| 75 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
|
| 76 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCountry" xml:lang="en-US" id="dei_EntityAddressCountry">Entity Address, Country</link:label>
|
| 77 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="dei_EntityAddressCountry" xlink:title="label: EntityAddressCountry to dei_EntityAddressCountry" />
|
| 78 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
|
| 79 |
+
<link:label xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressPostalZipCode" xml:lang="en-US" id="dei_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
|
| 80 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode" xlink:title="label: EntityAddressPostalZipCode to dei_EntityAddressPostalZipCode" />
|
| 81 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
|
| 82 |
+
<link:label xlink:type="resource" xlink:label="dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CityAreaCode" xml:lang="en-US" id="dei_CityAreaCode">City Area Code</link:label>
|
| 83 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="dei_CityAreaCode" xlink:title="label: CityAreaCode to dei_CityAreaCode" />
|
| 84 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
|
| 85 |
+
<link:label xlink:type="resource" xlink:label="dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_LocalPhoneNumber" xml:lang="en-US" id="dei_LocalPhoneNumber">Local Phone Number</link:label>
|
| 86 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber" xlink:title="label: LocalPhoneNumber to dei_LocalPhoneNumber" />
|
| 87 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
|
| 88 |
+
<link:label xlink:type="resource" xlink:label="dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_Security12bTitle" xml:lang="en-US" id="dei_Security12bTitle">Title of 12(b) Security</link:label>
|
| 89 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="dei_Security12bTitle" xlink:title="label: Security12bTitle to dei_Security12bTitle" />
|
| 90 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
|
| 91 |
+
<link:label xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_NoTradingSymbolFlag" xml:lang="en-US" id="dei_NoTradingSymbolFlag">No Trading Symbol Flag</link:label>
|
| 92 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag" xlink:title="label: NoTradingSymbolFlag to dei_NoTradingSymbolFlag" />
|
| 93 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
|
| 94 |
+
<link:label xlink:type="resource" xlink:label="dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_TradingSymbol" xml:lang="en-US" id="dei_TradingSymbol">Trading Symbol</link:label>
|
| 95 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="dei_TradingSymbol" xlink:title="label: TradingSymbol to dei_TradingSymbol" />
|
| 96 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
|
| 97 |
+
<link:label xlink:type="resource" xlink:label="dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SecurityExchangeName" xml:lang="en-US" id="dei_SecurityExchangeName">Security Exchange Name</link:label>
|
| 98 |
+
<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="dei_SecurityExchangeName" xlink:title="label: SecurityExchangeName to dei_SecurityExchangeName" />
|
| 99 |
+
</link:labelLink>
|
| 100 |
+
</link:linkbase>
|
data/raw/sec/0001801169/8-K-A/2025-08-28_0001140361-25-033195/source/open-20250815_pre.xml
ADDED
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@@ -0,0 +1,71 @@
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| 1 |
+
<?xml version="1.0" encoding="us-ascii"?>
|
| 2 |
+
<!--Generated by Broadridge PROfile 25.7.1.5324 Broadridge-->
|
| 3 |
+
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
|
| 4 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" />
|
| 5 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
|
| 6 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" />
|
| 7 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
|
| 8 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" />
|
| 9 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" />
|
| 10 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
|
| 11 |
+
<link:roleRef roleURI="http://opendoor.com/role/DocumentAndEntityInformation" xlink:type="simple" xlink:href="open-20250815.xsd#DocumentAndEntityInformation" />
|
| 12 |
+
<link:presentationLink xlink:type="extended" xlink:role="http://opendoor.com/role/DocumentAndEntityInformation">
|
| 13 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
|
| 14 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
|
| 15 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentType" xlink:title="presentation: CoverAbstract to DocumentType" order="0.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 16 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
|
| 17 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="AmendmentFlag" xlink:title="presentation: CoverAbstract to AmendmentFlag" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 18 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
|
| 19 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentPeriodEndDate" xlink:title="presentation: CoverAbstract to DocumentPeriodEndDate" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 20 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
|
| 21 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentFiscalYearFocus" xlink:title="presentation: CoverAbstract to DocumentFiscalYearFocus" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 22 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
|
| 23 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentFiscalPeriodFocus" xlink:title="presentation: CoverAbstract to DocumentFiscalPeriodFocus" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 24 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
|
| 25 |
+
<link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityFileNumber" xlink:title="presentation: CoverAbstract to EntityFileNumber" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
|
| 26 |
+
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
|
| 27 |
+
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<HEAD><!-- Document generated by Workiva Inc -->
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<TITLE>exhibit993-4q25opendoors</TITLE>
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</HEAD>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 4Q25 4Q25 Macro Charts Exhibit 99.3 </FONT></DIV>
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<P><HR noshade><P>
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| 18 |
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<DIV style="page-break-before:always;"> </DIV>
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<!-- exhibit993-4q25opendoors002.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit993-4q25opendoors002.jpg" title="slide2" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 4Q25 1 Note: MLS Clearance Rate is defined as the number of daily contracts that enter pending status on the Multiple Listing Service (i.e. market listings), filtered for Opendoor’s markets and buybox, divided by the number of active listings on the Multiple Listing Service, filtered for the same markets and buybox. 2 Note: MLS OD Price-Weighted Gross Clearance Rate is defined as the number of daily contracts that enter pending status on the Multiple Listing Service (i.e. market listings), filtered for Opendoor’s markets and buybox, divided by the number of active listings on the Multiple Listing Service, filtered for the same markets and buybox, and weighted by Opendoor's price point and market mix, defined by the distribution of Opendoor's listed inventory across price points and markets. Trailing 7-Day MLS Clearance Rate1 MLS Data Filtered to Opendoor Markets and Buybox 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trailing 7-Day MLS OD Price-Weighted Gross Clearance Rate2 MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<P><HR noshade><P>
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<DIV style="page-break-before:always;"> </DIV>
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</DIV>
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<!-- exhibit993-4q25opendoors003.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit993-4q25opendoors003.jpg" title="slide3" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 4Q25 Trailing 7-Day MLS Contracts MLS Data Filtered to Opendoor Markets and Buybox 2 Trailing 7-Day MLS Active Listings MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<P><HR noshade><P>
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<DIV style="page-break-before:always;"> </DIV>
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</DIV>
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<!-- exhibit993-4q25opendoors004.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit993-4q25opendoors004.jpg" title="slide4" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 4Q25 Trailing 28-Day MLS Daily Delisting to Contract Ratio MLS Data Filtered to Opendoor Markets and Buybox; excludes California markets 3 Trailing 7-Day MLS New Listings MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<P><HR noshade><P>
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<DIV style="page-break-before:always;"> </DIV>
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</DIV>
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<!-- exhibit993-4q25opendoors005.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit993-4q25opendoors005.jpg" title="slide5" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 4Q25 30-Day Rolling Home Price Appreciation (HPA) Weighted to Opendoor Markets; Non-Seasonally Adjusted 4 YoY Rolling Home Price Appreciation (HPA) Weighted to Opendoor Markets; Non-Seasonally Adjusted Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<P><HR noshade><P>
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</TEXT>
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</DOCUMENT>
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<title>open-20260219</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="c-1" name="dei:EntityCentralIndexKey" id="f-31">0001801169</ix:nonNumeric><ix:nonNumeric contextRef="c-1" name="dei:AmendmentFlag" format="ixt:fixed-false" id="f-32">FALSE</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="open-20260219.xsd"/></ix:references><ix:resources><xbrli:context id="c-1"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-02-19</xbrli:startDate><xbrli:endDate>2026-02-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-2"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2026-02-19</xbrli:startDate><xbrli:endDate>2026-02-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-3"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">open:SeriesKWarrantsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2026-02-19</xbrli:startDate><xbrli:endDate>2026-02-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-4"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">open:SeriesAWarrantsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2026-02-19</xbrli:startDate><xbrli:endDate>2026-02-19</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="c-5"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001801169</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">open:SeriesZWarrantsMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2026-02-19</xbrli:startDate><xbrli:endDate>2026-02-19</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="icccf123ec9474bcabeb1d104b78681ee_1"></div><div style="min-height:49.5pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:14pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:14pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">__________________________________</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:14pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="c-1" name="dei:DocumentType" id="f-1">8-K</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">__________________________________</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">of The Securities Exchange Act of 1934</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): <ix:nonNumeric contextRef="c-1" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="f-2">February 19, 2026</ix:nonNumeric></span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityRegistrantName" id="f-3">Opendoor Technologies Inc.</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.233%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.234%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="f-4">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityFileNumber" id="f-5">001-39253</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityTaxIdentificationNumber" id="f-6">30-1318214</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(State or other jurisdiction</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">of incorporation)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Commission</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">File Number)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(I.R.S. Employer</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Identification No.)</span></div></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine1" id="f-7">1295 West Washington Street</ix:nonNumeric>, <ix:nonNumeric contextRef="c-1" name="dei:EntityAddressAddressLine2" id="f-8">Suite 115</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressCityOrTown" id="f-9">Tempe,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressStateOrProvince" id="f-10">AZ</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityAddressPostalZipCode" id="f-11">85288</ix:nonNumeric></span></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Address of principal executive offices)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Zip Code)</span></div></td></tr></table></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="c-1" name="dei:CityAreaCode" id="f-12">480</ix:nonNumeric>) <ix:nonNumeric contextRef="c-1" name="dei:LocalPhoneNumber" id="f-13">618-6760</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Registrant’s telephone number, including area code)</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">N/A</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(Former name or former address, if changed since last report)</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"/><td style="width:2.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:95.977%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="f-14">☐</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="f-15">☐</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="f-16">☐</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="c-1" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="f-17">☐</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:40.566%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.438%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:32.528%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Name of each exchange</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">on which registered</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-2" name="dei:Security12bTitle" id="f-18">Common stock, $0.0001 par value per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-2" name="dei:TradingSymbol" id="f-19">OPEN</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-2" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-20">The Nasdaq Stock Market LLC</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-3" name="dei:Security12bTitle" id="f-21">Series K Warrants, each whole warrant exercisable to purchase one share of common stock at an exercise price of $9.00 per warrant</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-3" name="dei:TradingSymbol" id="f-22">OPENW</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-3" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-23">The Nasdaq Stock Market LLC</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-4" name="dei:Security12bTitle" id="f-24">Series A Warrants, each whole warrant exercisable to purchase one share of common stock at an exercise price of $13.00 per warrant</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-4" name="dei:TradingSymbol" id="f-25">OPENL</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-4" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-26">The Nasdaq Stock Market LLC</ix:nonNumeric></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-5" name="dei:Security12bTitle" id="f-27">Series Z Warrants, each whole warrant exercisable to purchase one share of common stock at an exercise price of $17.00 per warrant</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-5" name="dei:TradingSymbol" id="f-28">OPENZ</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-5" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="f-29">The Nasdaq Stock Market LLC</ix:nonNumeric></span></div></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).</span></div><div style="margin-top:9pt;text-align:right"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="c-1" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="f-30">☐</ix:nonNumeric></span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">o</span></div><div style="margin-top:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/></tr></table></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="icccf123ec9474bcabeb1d104b78681ee_10"></div><hr style="page-break-after:always"/><div style="min-height:49.5pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt;padding-left:43.2pt;text-indent:-43.2pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.02</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:3.22pt">Results of Operations and Financial Condition</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On February 19, 2026, Opendoor Technologies Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. </span></div><div id="icccf123ec9474bcabeb1d104b78681ee_13"></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 7.01 Regulation FD Disclosure</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On February 19, 2026, the Company posted an earnings supplement (the “Supplement”) and supplemental macroeconomic charts (the “Supplemental Macro Charts”) in the “Investor Relations” portion of its website at </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">investor.opendoor.com</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">. A copy of the Supplement and the Supplemental Macro Charts is attached to this Current Report on Form 8-K as Exhibit 99.2 and 99.3, respectively.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The information contained in Items 2.02 and 7.01 of this Current Report (including Exhibits 99.1, 99.2, and 99.3 attached hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</span></div><div id="icccf123ec9474bcabeb1d104b78681ee_16"></div><div style="-sec-extract:summary;margin-top:12pt;padding-left:44.64pt;text-indent:-44.64pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:4.66pt">Financial Statements and Exhibits</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(d)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.34pt">Exhibits.</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:12.496%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:84.720%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit No.</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:100%">Description</span></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">99.1</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="q42025formxex991earningsre.htm">Press Release issued by Opendoor Technologies Inc. on February 19, 2026</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">99.2</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit992-q42025form8xk.htm">Financial Supplement issued by Opendoor Technologies Inc. on February 19, 2026</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">99.3</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit993-4q25opendoors.htm">Supplemental Macro Charts issued by Opendoor Technologies Inc. on February 19, 2026</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (Cover page XBRL tags are embedded within the Inline XBRL document)</span></td></tr></table></div><div style="margin-top:12pt;padding-left:36pt;text-indent:-36pt"><span><br/></span></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><div id="icccf123ec9474bcabeb1d104b78681ee_19"></div><hr style="page-break-after:always"/><div style="min-height:49.5pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:center;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:52.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.502%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:37.644%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Opendoor Technologies Inc.</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Date: February 19, 2026</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Christy Schwartz</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Christy Schwartz</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</span></td></tr></table></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">3</span></div></div></div></body></html>
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data/raw/sec/0001801169/8-K/2026-02-19_0001801169-26-000009/source/open-20260219.xsd
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<?xml version="1.0" encoding="UTF-8"?>
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+
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+
<!--XBRL Document Created with the Workiva Platform-->
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| 4 |
+
<!--Copyright 2026 Workiva-->
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| 5 |
+
<!--r:b49bffb6-e2bf-4de6-b299-853f61a168e6,g:62d010c1-657c-4d1e-aaf7-c85993e56940-->
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| 6 |
+
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:open="http://opendoor.com/20260219" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://opendoor.com/20260219">
|
| 7 |
+
<xs:import namespace="http://fasb.org/us-gaap/2025" schemaLocation="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd"/>
|
| 8 |
+
<xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
|
| 9 |
+
<xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
|
| 10 |
+
<xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>
|
| 11 |
+
<xs:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd"/>
|
| 12 |
+
<xs:annotation>
|
| 13 |
+
<xs:appinfo>
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| 14 |
+
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="open-20260219_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
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| 15 |
+
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="open-20260219_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
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| 16 |
+
<link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="open-20260219_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
|
| 17 |
+
<link:roleType id="Cover" roleURI="http://opendoor.com/role/Cover">
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| 18 |
+
<link:definition>0000001 - Document - Cover</link:definition>
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| 19 |
+
<link:usedOn>link:presentationLink</link:usedOn>
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| 20 |
+
<link:usedOn>link:calculationLink</link:usedOn>
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| 21 |
+
<link:usedOn>link:definitionLink</link:usedOn>
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| 22 |
+
</link:roleType>
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| 23 |
+
</xs:appinfo>
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| 24 |
+
</xs:annotation>
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| 25 |
+
<xs:element id="open_SeriesAWarrantsMember" abstract="true" name="SeriesAWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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| 26 |
+
<xs:element id="open_SeriesKWarrantsMember" abstract="true" name="SeriesKWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
|
| 27 |
+
<xs:element id="open_SeriesZWarrantsMember" abstract="true" name="SeriesZWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
|
| 28 |
+
</xs:schema>
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data/raw/sec/0001801169/8-K/2026-02-19_0001801169-26-000009/source/open-20260219_def.xml
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+
<?xml version="1.0" encoding="UTF-8"?>
|
| 2 |
+
|
| 3 |
+
<!--XBRL Document Created with the Workiva Platform-->
|
| 4 |
+
<!--Copyright 2026 Workiva-->
|
| 5 |
+
<!--r:b49bffb6-e2bf-4de6-b299-853f61a168e6,g:62d010c1-657c-4d1e-aaf7-c85993e56940-->
|
| 6 |
+
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
|
| 7 |
+
<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
|
| 8 |
+
<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
|
| 9 |
+
<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
|
| 10 |
+
<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
|
| 11 |
+
<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
|
| 12 |
+
<link:roleRef roleURI="http://opendoor.com/role/Cover" xlink:type="simple" xlink:href="open-20260219.xsd#Cover"/>
|
| 13 |
+
<link:definitionLink xlink:role="http://opendoor.com/role/Cover" xlink:type="extended">
|
| 14 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
|
| 15 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
|
| 16 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
|
| 17 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
|
| 18 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:type="arc" order="1"/>
|
| 19 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ce-a12d-ea150f3ea890_default" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
|
| 20 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:to="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ce-a12d-ea150f3ea890_default" xlink:type="arc" order="1"/>
|
| 21 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
|
| 22 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:to="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:type="arc" order="1"/>
|
| 23 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019c73db-2a62-7f43-ad43-47f552a79f75" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
|
| 24 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_us-gaap_CommonStockMember_019c73db-2a62-7f43-ad43-47f552a79f75" xlink:type="arc" order="0"/>
|
| 25 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesAWarrantsMember_019c73de-d946-70d1-a2c5-2d2b1c023887" xlink:href="open-20260219.xsd#open_SeriesAWarrantsMember"/>
|
| 26 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesAWarrantsMember_019c73de-d946-70d1-a2c5-2d2b1c023887" xlink:type="arc" order="1"/>
|
| 27 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesKWarrantsMember_019c73df-0195-7092-a4df-108e509e595b" xlink:href="open-20260219.xsd#open_SeriesKWarrantsMember"/>
|
| 28 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesKWarrantsMember_019c73df-0195-7092-a4df-108e509e595b" xlink:type="arc" order="2"/>
|
| 29 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesZWarrantsMember_019c73df-2d4c-7d5d-927e-bc1b0b9af87b" xlink:href="open-20260219.xsd#open_SeriesZWarrantsMember"/>
|
| 30 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesZWarrantsMember_019c73df-2d4c-7d5d-927e-bc1b0b9af87b" xlink:type="arc" order="3"/>
|
| 31 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_019c73db-2a62-713c-ac9f-5d3b1e278cfc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
|
| 32 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_Security12bTitle_019c73db-2a62-713c-ac9f-5d3b1e278cfc" xlink:type="arc" order="0"/>
|
| 33 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_1983782c-0833-4205-a50f-46d0041ce0b7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
|
| 34 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_DocumentType_1983782c-0833-4205-a50f-46d0041ce0b7" xlink:type="arc" order="1"/>
|
| 35 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_f4e1d340-b7bb-441c-b6be-744f91400173" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
|
| 36 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_DocumentPeriodEndDate_f4e1d340-b7bb-441c-b6be-744f91400173" xlink:type="arc" order="2"/>
|
| 37 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_768c9fe3-9b9f-44ae-906e-5943daa6521c" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
|
| 38 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityRegistrantName_768c9fe3-9b9f-44ae-906e-5943daa6521c" xlink:type="arc" order="3"/>
|
| 39 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_c8aac491-526d-4bac-bd89-dd9a0be6769e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
|
| 40 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityIncorporationStateCountryCode_c8aac491-526d-4bac-bd89-dd9a0be6769e" xlink:type="arc" order="4"/>
|
| 41 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_bb14792f-27d3-4ce7-a1f8-82eda1fe0544" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
|
| 42 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityFileNumber_bb14792f-27d3-4ce7-a1f8-82eda1fe0544" xlink:type="arc" order="5"/>
|
| 43 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_7253f072-8390-48d5-98d6-7b42be29a549" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
|
| 44 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityTaxIdentificationNumber_7253f072-8390-48d5-98d6-7b42be29a549" xlink:type="arc" order="6"/>
|
| 45 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_460b63c3-af11-4ac0-a8e4-d3439bec8364" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
|
| 46 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressAddressLine1_460b63c3-af11-4ac0-a8e4-d3439bec8364" xlink:type="arc" order="7"/>
|
| 47 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_000b365e-fcc2-4ef6-bf5b-be8632103a1e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
|
| 48 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressAddressLine2_000b365e-fcc2-4ef6-bf5b-be8632103a1e" xlink:type="arc" order="8"/>
|
| 49 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_eccf0265-c17d-4e27-a00f-63dad6a3f824" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
|
| 50 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressCityOrTown_eccf0265-c17d-4e27-a00f-63dad6a3f824" xlink:type="arc" order="9"/>
|
| 51 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_be296b05-526b-4d5b-bd70-be848c1acba9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
|
| 52 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressStateOrProvince_be296b05-526b-4d5b-bd70-be848c1acba9" xlink:type="arc" order="10"/>
|
| 53 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_e015b364-1847-4691-aa77-9040c6317fd0" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
|
| 54 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressPostalZipCode_e015b364-1847-4691-aa77-9040c6317fd0" xlink:type="arc" order="11"/>
|
| 55 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_9319c4d4-6725-4c7a-91e6-861ae7fa76ea" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
|
| 56 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_CityAreaCode_9319c4d4-6725-4c7a-91e6-861ae7fa76ea" xlink:type="arc" order="12"/>
|
| 57 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_d3c741f7-6208-48d8-a344-417ed7d5f33d" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
|
| 58 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_LocalPhoneNumber_d3c741f7-6208-48d8-a344-417ed7d5f33d" xlink:type="arc" order="13"/>
|
| 59 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_c35d37be-4fd6-49b1-9fb8-e10fadf759b9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
|
| 60 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_WrittenCommunications_c35d37be-4fd6-49b1-9fb8-e10fadf759b9" xlink:type="arc" order="14"/>
|
| 61 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_47f6d538-6369-4468-af21-713d380fb2f8" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
|
| 62 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_SolicitingMaterial_47f6d538-6369-4468-af21-713d380fb2f8" xlink:type="arc" order="15"/>
|
| 63 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_ee8201ac-1aae-4099-bc5a-82f839d6a53b" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
|
| 64 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_PreCommencementTenderOffer_ee8201ac-1aae-4099-bc5a-82f839d6a53b" xlink:type="arc" order="16"/>
|
| 65 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_d58b2142-8f78-4c0d-b434-6fa4c53e43b1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
|
| 66 |
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<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_d58b2142-8f78-4c0d-b434-6fa4c53e43b1" xlink:type="arc" order="17"/>
|
| 67 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_c1506d5b-bc6e-4d23-a495-11228a16c0e7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
|
| 68 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_b2f44c59-f077-4a54-aae5-bf1d7e981b65" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
|
| 69 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_TradingSymbol_b2f44c59-f077-4a54-aae5-bf1d7e981b65" xlink:type="arc" order="19"/>
|
| 70 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_fc505fed-c2e7-4481-b86a-d2622d6e99ca" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
|
| 71 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_SecurityExchangeName_fc505fed-c2e7-4481-b86a-d2622d6e99ca" xlink:type="arc" order="20"/>
|
| 72 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_6e7146ea-598b-48fe-aca1-3d6f04612fcc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
|
| 73 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityEmergingGrowthCompany_6e7146ea-598b-48fe-aca1-3d6f04612fcc" xlink:type="arc" order="21"/>
|
| 74 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_ebd6dd63-0d12-4094-81aa-09fa93c82848" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
|
| 75 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityCentralIndexKey_ebd6dd63-0d12-4094-81aa-09fa93c82848" xlink:type="arc" order="22"/>
|
| 76 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_0d40b277-97e9-49c0-928c-9e6cf29723d9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
|
| 77 |
+
<link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_AmendmentFlag_0d40b277-97e9-49c0-928c-9e6cf29723d9" xlink:type="arc" order="23"/>
|
| 78 |
+
</link:definitionLink>
|
| 79 |
+
</link:linkbase>
|
data/raw/sec/0001801169/8-K/2026-02-19_0001801169-26-000009/source/open-20260219_lab.xml
ADDED
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| 1 |
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<?xml version="1.0" encoding="UTF-8"?>
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| 2 |
+
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| 3 |
+
<!--XBRL Document Created with the Workiva Platform-->
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| 4 |
+
<!--Copyright 2026 Workiva-->
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| 5 |
+
<!--r:b49bffb6-e2bf-4de6-b299-853f61a168e6,g:62d010c1-657c-4d1e-aaf7-c85993e56940-->
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| 6 |
+
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
|
| 7 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
|
| 8 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
|
| 9 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
|
| 10 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
|
| 11 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
|
| 12 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
|
| 13 |
+
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
|
| 14 |
+
<link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
|
| 15 |
+
<link:label id="lab_dei_SolicitingMaterial_c631fc1c-b1c9-4617-8d3c-b2d25769e0be_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
|
| 16 |
+
<link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
|
| 17 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
|
| 18 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
|
| 19 |
+
<link:label id="lab_dei_WrittenCommunications_7a7ab4fd-94e1-4814-8934-179d678b6501_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
|
| 20 |
+
<link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
|
| 21 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
|
| 22 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
|
| 23 |
+
<link:label id="lab_dei_LocalPhoneNumber_a42a819e-4572-4309-8f69-fccd59172c3d_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
|
| 24 |
+
<link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
|
| 25 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
|
| 26 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
|
| 27 |
+
<link:label id="lab_us-gaap_ClassOfStockDomain_019c73db-2a62-78fd-bfdd-7e1f985c2484_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
|
| 28 |
+
<link:label id="lab_us-gaap_ClassOfStockDomain_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
|
| 29 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
|
| 30 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain" xlink:to="lab_us-gaap_ClassOfStockDomain" xlink:type="arc" order="1"/>
|
| 31 |
+
<link:label id="lab_dei_DocumentInformationLineItems_019c73db-2a62-7c05-a3dd-dbf6b9536238_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
|
| 32 |
+
<link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
|
| 33 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
|
| 34 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
|
| 35 |
+
<link:label id="lab_dei_AmendmentFlag_2c564e89-1aec-4d1c-beea-9ae3eb4bcbb9_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
|
| 36 |
+
<link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
|
| 37 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
|
| 38 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
|
| 39 |
+
<link:label id="lab_dei_EntityEmergingGrowthCompany_81ce246d-7e97-4ce5-966f-4ef05b779f13_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
|
| 40 |
+
<link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
|
| 41 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
|
| 42 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
|
| 43 |
+
<link:label id="lab_dei_EntityFileNumber_f99d0bf6-ad7a-4ece-a586-4b056b92bf10_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
|
| 44 |
+
<link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
|
| 45 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
|
| 46 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
|
| 47 |
+
<link:label id="lab_dei_SecurityExchangeName_5cec9256-8d8a-4fe8-8c09-653eba63e9ed_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
|
| 48 |
+
<link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
|
| 49 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
|
| 50 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
|
| 51 |
+
<link:label id="lab_dei_EntityAddressStateOrProvince_d7c699f1-3979-4dae-b87a-3d7a79e34f44_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
|
| 52 |
+
<link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
|
| 53 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
|
| 54 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
|
| 55 |
+
<link:label id="lab_dei_EntityAddressAddressLine1_2a73dd96-10f6-4447-8d1b-95e0b0751ef1_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
|
| 56 |
+
<link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
|
| 57 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
|
| 58 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
|
| 59 |
+
<link:label id="lab_dei_EntityAddressAddressLine2_1e8b1db3-772d-48e2-aa09-38c56e974e31_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
|
| 60 |
+
<link:label id="lab_dei_EntityAddressAddressLine2_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
|
| 61 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
|
| 62 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine2" xlink:to="lab_dei_EntityAddressAddressLine2" xlink:type="arc" order="1"/>
|
| 63 |
+
<link:label id="lab_open_SeriesZWarrantsMember_019c73df-2d4c-76cf-8456-cda283d566c6_terseLabel_en-US" xlink:label="lab_open_SeriesZWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series Z Warrants [Member]</link:label>
|
| 64 |
+
<link:label id="lab_open_SeriesZWarrantsMember_label_en-US" xlink:label="lab_open_SeriesZWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series Z Warrants [Member]</link:label>
|
| 65 |
+
<link:label id="lab_open_SeriesZWarrantsMember_documentation_en-US" xlink:label="lab_open_SeriesZWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series Z Warrants</link:label>
|
| 66 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesZWarrantsMember" xlink:href="open-20260219.xsd#open_SeriesZWarrantsMember"/>
|
| 67 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_open_SeriesZWarrantsMember" xlink:to="lab_open_SeriesZWarrantsMember" xlink:type="arc" order="1"/>
|
| 68 |
+
<link:label id="lab_dei_CityAreaCode_1f88159a-c446-4bce-b64c-d078847d2b5b_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
|
| 69 |
+
<link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
|
| 70 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
|
| 71 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
|
| 72 |
+
<link:label id="lab_open_SeriesKWarrantsMember_019c73df-0195-7a08-aa16-4ceeff0d976c_terseLabel_en-US" xlink:label="lab_open_SeriesKWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series K Warrants [Member]</link:label>
|
| 73 |
+
<link:label id="lab_open_SeriesKWarrantsMember_label_en-US" xlink:label="lab_open_SeriesKWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series K Warrants [Member]</link:label>
|
| 74 |
+
<link:label id="lab_open_SeriesKWarrantsMember_documentation_en-US" xlink:label="lab_open_SeriesKWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series K Warrants</link:label>
|
| 75 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesKWarrantsMember" xlink:href="open-20260219.xsd#open_SeriesKWarrantsMember"/>
|
| 76 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_open_SeriesKWarrantsMember" xlink:to="lab_open_SeriesKWarrantsMember" xlink:type="arc" order="1"/>
|
| 77 |
+
<link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
|
| 78 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
|
| 79 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
|
| 80 |
+
<link:label id="lab_dei_DocumentPeriodEndDate_cd3fbc2b-4e14-462e-8bad-38772b57606f_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
|
| 81 |
+
<link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
|
| 82 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
|
| 83 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
|
| 84 |
+
<link:label id="lab_dei_DocumentInformationTable_019c73db-2a62-78b9-862e-9655468feb69_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
|
| 85 |
+
<link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
|
| 86 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
|
| 87 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
|
| 88 |
+
<link:label id="lab_open_SeriesAWarrantsMember_019c73de-d946-784c-86cd-40419c14abe3_terseLabel_en-US" xlink:label="lab_open_SeriesAWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A Warrants [Member]</link:label>
|
| 89 |
+
<link:label id="lab_open_SeriesAWarrantsMember_label_en-US" xlink:label="lab_open_SeriesAWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A Warrants [Member]</link:label>
|
| 90 |
+
<link:label id="lab_open_SeriesAWarrantsMember_documentation_en-US" xlink:label="lab_open_SeriesAWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A Warrants</link:label>
|
| 91 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesAWarrantsMember" xlink:href="open-20260219.xsd#open_SeriesAWarrantsMember"/>
|
| 92 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_open_SeriesAWarrantsMember" xlink:to="lab_open_SeriesAWarrantsMember" xlink:type="arc" order="1"/>
|
| 93 |
+
<link:label id="lab_dei_PreCommencementTenderOffer_8ce2c7b1-e01b-4e7f-bfb5-dcc20372c5a0_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
|
| 94 |
+
<link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
|
| 95 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
|
| 96 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
|
| 97 |
+
<link:label id="lab_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75af-a470-d1ccf7539b2c_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
|
| 98 |
+
<link:label id="lab_us-gaap_StatementClassOfStockAxis_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
|
| 99 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
|
| 100 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" xlink:type="arc" order="1"/>
|
| 101 |
+
<link:label id="lab_dei_EntityCentralIndexKey_6ee2a800-9ff9-4ab2-b98b-c6e46e356cca_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
|
| 102 |
+
<link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
|
| 103 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
|
| 104 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
|
| 105 |
+
<link:label id="lab_dei_PreCommencementIssuerTenderOffer_8f802af2-f901-4f51-9369-feb6a881980e_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
|
| 106 |
+
<link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
|
| 107 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
|
| 108 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
|
| 109 |
+
<link:label id="lab_dei_EntityTaxIdentificationNumber_cc39d08b-8614-4096-abef-39425597f04a_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
|
| 110 |
+
<link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
|
| 111 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
|
| 112 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
|
| 113 |
+
<link:label id="lab_dei_EntityRegistrantName_bdf97aca-2887-46ee-97db-419058a64cc7_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
|
| 114 |
+
<link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
|
| 115 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
|
| 116 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
|
| 117 |
+
<link:label id="lab_dei_TradingSymbol_0e8f69dc-e5f2-4b24-8af5-f1bf1b914aab_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
|
| 118 |
+
<link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
|
| 119 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
|
| 120 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
|
| 121 |
+
<link:label id="lab_us-gaap_CommonStockMember_019c73db-2a62-75b0-b139-78b39fd6abea_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock</link:label>
|
| 122 |
+
<link:label id="lab_us-gaap_CommonStockMember_label_en-US" xlink:label="lab_us-gaap_CommonStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
|
| 123 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
|
| 124 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember" xlink:to="lab_us-gaap_CommonStockMember" xlink:type="arc" order="1"/>
|
| 125 |
+
<link:label id="lab_dei_EntityIncorporationStateCountryCode_ec23e61a-4ab0-481d-9fd9-72c86dbdc476_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
|
| 126 |
+
<link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
|
| 127 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
|
| 128 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
|
| 129 |
+
<link:label id="lab_dei_Security12bTitle_b309e64d-18a3-4f68-9876-522ee188ef4a_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
|
| 130 |
+
<link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
|
| 131 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
|
| 132 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
|
| 133 |
+
<link:label id="lab_dei_EntityAddressPostalZipCode_2f060d80-1eeb-4b5f-b646-3582ac99743a_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
|
| 134 |
+
<link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
|
| 135 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
|
| 136 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
|
| 137 |
+
<link:label id="lab_dei_EntityAddressCityOrTown_932ee627-388c-46d3-9906-70be0236d843_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
|
| 138 |
+
<link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
|
| 139 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
|
| 140 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
|
| 141 |
+
<link:label id="lab_dei_DocumentType_e1f7f2aa-4f2b-432d-8a03-4fc529b42c8b_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
|
| 142 |
+
<link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
|
| 143 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
|
| 144 |
+
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
|
| 145 |
+
</link:labelLink>
|
| 146 |
+
</link:linkbase>
|
data/raw/sec/0001801169/8-K/2026-02-19_0001801169-26-000009/source/open-20260219_pre.xml
ADDED
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@@ -0,0 +1,74 @@
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|
| 1 |
+
<?xml version="1.0" encoding="UTF-8"?>
|
| 2 |
+
|
| 3 |
+
<!--XBRL Document Created with the Workiva Platform-->
|
| 4 |
+
<!--Copyright 2026 Workiva-->
|
| 5 |
+
<!--r:b49bffb6-e2bf-4de6-b299-853f61a168e6,g:62d010c1-657c-4d1e-aaf7-c85993e56940-->
|
| 6 |
+
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
|
| 7 |
+
<link:roleRef roleURI="http://opendoor.com/role/Cover" xlink:type="simple" xlink:href="open-20260219.xsd#Cover"/>
|
| 8 |
+
<link:presentationLink xlink:role="http://opendoor.com/role/Cover" xlink:type="extended">
|
| 9 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_29348083-9336-4359-9a33-117f9e63c9eb" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
|
| 10 |
+
<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
|
| 11 |
+
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_29348083-9336-4359-9a33-117f9e63c9eb" xlink:to="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 12 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StatementClassOfStockAxis"/>
|
| 13 |
+
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 14 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ClassOfStockDomain"/>
|
| 15 |
+
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019c73db-2a62-75ce-a12d-ea150f3ea890" xlink:to="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 16 |
+
<link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019c73db-2a62-7f43-ad43-47f552a79f75" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockMember"/>
|
| 17 |
+
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_us-gaap_CommonStockMember_019c73db-2a62-7f43-ad43-47f552a79f75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 18 |
+
<link:loc xlink:type="locator" xlink:label="loc_open_SeriesAWarrantsMember_019c73de-d946-70d1-a2c5-2d2b1c023887" xlink:href="open-20260219.xsd#open_SeriesAWarrantsMember"/>
|
| 19 |
+
<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesAWarrantsMember_019c73de-d946-70d1-a2c5-2d2b1c023887" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 20 |
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<link:loc xlink:type="locator" xlink:label="loc_open_SeriesKWarrantsMember_019c73df-0195-7092-a4df-108e509e595b" xlink:href="open-20260219.xsd#open_SeriesKWarrantsMember"/>
|
| 21 |
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<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesKWarrantsMember_019c73df-0195-7092-a4df-108e509e595b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 22 |
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<link:loc xlink:type="locator" xlink:label="loc_open_SeriesZWarrantsMember_019c73df-2d4c-7d5d-927e-bc1b0b9af87b" xlink:href="open-20260219.xsd#open_SeriesZWarrantsMember"/>
|
| 23 |
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<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019c73db-2a62-75ed-b71f-2f200284f0c6" xlink:to="loc_open_SeriesZWarrantsMember_019c73df-2d4c-7d5d-927e-bc1b0b9af87b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 24 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
|
| 25 |
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<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019c73db-2a62-7bea-87de-c1b0fb1e2447" xlink:to="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 26 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_019c73db-2a62-713c-ac9f-5d3b1e278cfc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
|
| 27 |
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<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_Security12bTitle_019c73db-2a62-713c-ac9f-5d3b1e278cfc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 28 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_1983782c-0833-4205-a50f-46d0041ce0b7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
|
| 29 |
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<link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_DocumentType_1983782c-0833-4205-a50f-46d0041ce0b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 30 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_f4e1d340-b7bb-441c-b6be-744f91400173" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
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| 31 |
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<link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_DocumentPeriodEndDate_f4e1d340-b7bb-441c-b6be-744f91400173" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 32 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_768c9fe3-9b9f-44ae-906e-5943daa6521c" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
|
| 33 |
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<link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityRegistrantName_768c9fe3-9b9f-44ae-906e-5943daa6521c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 34 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_c8aac491-526d-4bac-bd89-dd9a0be6769e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
|
| 35 |
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<link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityIncorporationStateCountryCode_c8aac491-526d-4bac-bd89-dd9a0be6769e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 36 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_bb14792f-27d3-4ce7-a1f8-82eda1fe0544" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
|
| 37 |
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<link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityFileNumber_bb14792f-27d3-4ce7-a1f8-82eda1fe0544" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 38 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_7253f072-8390-48d5-98d6-7b42be29a549" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber"/>
|
| 39 |
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<link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityTaxIdentificationNumber_7253f072-8390-48d5-98d6-7b42be29a549" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 40 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_460b63c3-af11-4ac0-a8e4-d3439bec8364" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
|
| 41 |
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<link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressAddressLine1_460b63c3-af11-4ac0-a8e4-d3439bec8364" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 42 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_000b365e-fcc2-4ef6-bf5b-be8632103a1e" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
|
| 43 |
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<link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressAddressLine2_000b365e-fcc2-4ef6-bf5b-be8632103a1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 44 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_eccf0265-c17d-4e27-a00f-63dad6a3f824" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
|
| 45 |
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<link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressCityOrTown_eccf0265-c17d-4e27-a00f-63dad6a3f824" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 46 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_be296b05-526b-4d5b-bd70-be848c1acba9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
|
| 47 |
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<link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressStateOrProvince_be296b05-526b-4d5b-bd70-be848c1acba9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 48 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_e015b364-1847-4691-aa77-9040c6317fd0" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
|
| 49 |
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<link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityAddressPostalZipCode_e015b364-1847-4691-aa77-9040c6317fd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 50 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_9319c4d4-6725-4c7a-91e6-861ae7fa76ea" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
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| 51 |
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<link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_CityAreaCode_9319c4d4-6725-4c7a-91e6-861ae7fa76ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 52 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_d3c741f7-6208-48d8-a344-417ed7d5f33d" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
|
| 53 |
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<link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_LocalPhoneNumber_d3c741f7-6208-48d8-a344-417ed7d5f33d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 54 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_c35d37be-4fd6-49b1-9fb8-e10fadf759b9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications"/>
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| 55 |
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<link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_WrittenCommunications_c35d37be-4fd6-49b1-9fb8-e10fadf759b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 56 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_47f6d538-6369-4468-af21-713d380fb2f8" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial"/>
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| 57 |
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<link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_SolicitingMaterial_47f6d538-6369-4468-af21-713d380fb2f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 58 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_ee8201ac-1aae-4099-bc5a-82f839d6a53b" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer"/>
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| 59 |
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<link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_PreCommencementTenderOffer_ee8201ac-1aae-4099-bc5a-82f839d6a53b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 60 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_d58b2142-8f78-4c0d-b434-6fa4c53e43b1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer"/>
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| 61 |
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<link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_d58b2142-8f78-4c0d-b434-6fa4c53e43b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 62 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_c1506d5b-bc6e-4d23-a495-11228a16c0e7" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
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| 63 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_b2f44c59-f077-4a54-aae5-bf1d7e981b65" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
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| 64 |
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<link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_TradingSymbol_b2f44c59-f077-4a54-aae5-bf1d7e981b65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 65 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_fc505fed-c2e7-4481-b86a-d2622d6e99ca" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
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| 66 |
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<link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_SecurityExchangeName_fc505fed-c2e7-4481-b86a-d2622d6e99ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 67 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_6e7146ea-598b-48fe-aca1-3d6f04612fcc" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
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<link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityEmergingGrowthCompany_6e7146ea-598b-48fe-aca1-3d6f04612fcc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 69 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_ebd6dd63-0d12-4094-81aa-09fa93c82848" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
|
| 70 |
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<link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_EntityCentralIndexKey_ebd6dd63-0d12-4094-81aa-09fa93c82848" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
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| 71 |
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<link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_0d40b277-97e9-49c0-928c-9e6cf29723d9" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
|
| 72 |
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<link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019c73db-2a62-78b8-aabc-2835d4437f63" xlink:to="loc_dei_AmendmentFlag_0d40b277-97e9-49c0-928c-9e6cf29723d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
|
| 73 |
+
</link:presentationLink>
|
| 74 |
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</link:linkbase>
|
data/raw/sec/0001801169/8-K/2026-02-19_0001801169-26-000009/source/q42025formxex991earningsre.htm
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data/raw/sec/0001801169/8-K/2026-05-07_0001801169-26-000013/_filing.json
ADDED
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| 1 |
+
<HTML><HEAD><TITLE>SEC EDGAR Submission 0001801169-26-000013</TITLE>
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|
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|
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|
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|
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|
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|
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|
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|
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|
| 32 |
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|
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|
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|
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|
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|
| 37 |
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|
| 38 |
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|
| 39 |
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|
| 40 |
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|
| 41 |
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|
| 42 |
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|
| 43 |
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<FORMER-CONFORMED-NAME>Social Capital Hedosophia Holdings Corp. II
|
| 44 |
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<DATE-CHANGED>20200124
|
| 45 |
+
</FORMER-COMPANY>
|
| 46 |
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</FILER>
|
| 47 |
+
</SEC-HEADER>
|
| 48 |
+
-->
|
| 49 |
+
</HEAD><BODY>
|
| 50 |
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<PRE><SEC-DOCUMENT>0001801169-26-000013-index.html : 20260507
|
| 51 |
+
<SEC-HEADER>0001801169-26-000013.hdr.sgml : 20260507
|
| 52 |
+
<ACCEPTANCE-DATETIME>20260507161436
|
| 53 |
+
ACCESSION NUMBER: 0001801169-26-000013
|
| 54 |
+
CONFORMED SUBMISSION TYPE: 8-K
|
| 55 |
+
PUBLIC DOCUMENT COUNT: 33
|
| 56 |
+
CONFORMED PERIOD OF REPORT: 20260507
|
| 57 |
+
ITEM INFORMATION: Results of Operations and Financial Condition
|
| 58 |
+
ITEM INFORMATION: Regulation FD Disclosure
|
| 59 |
+
ITEM INFORMATION: Financial Statements and Exhibits
|
| 60 |
+
FILED AS OF DATE: 20260507
|
| 61 |
+
DATE AS OF CHANGE: 20260507
|
| 62 |
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|
| 63 |
+
FILER:
|
| 64 |
+
|
| 65 |
+
COMPANY DATA:
|
| 66 |
+
COMPANY CONFORMED NAME: Opendoor Technologies Inc.
|
| 67 |
+
CENTRAL INDEX KEY: 0001801169
|
| 68 |
+
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
|
| 69 |
+
ORGANIZATION NAME: 05 Real Estate & Construction
|
| 70 |
+
EIN: 301318214
|
| 71 |
+
FISCAL YEAR END: 1231
|
| 72 |
+
|
| 73 |
+
FILING VALUES:
|
| 74 |
+
FORM TYPE: 8-K
|
| 75 |
+
SEC ACT: 1934 Act
|
| 76 |
+
SEC FILE NUMBER: 001-39253
|
| 77 |
+
FILM NUMBER: 26953494
|
| 78 |
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|
| 79 |
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BUSINESS ADDRESS:
|
| 80 |
+
STREET 1: 410 N. SCOTTSDALE ROAD, SUITE 1000
|
| 81 |
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CITY: TEMPE
|
| 82 |
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STATE: AZ
|
| 83 |
+
ZIP: 85288
|
| 84 |
+
BUSINESS PHONE: 480-618-6760
|
| 85 |
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|
| 86 |
+
MAIL ADDRESS:
|
| 87 |
+
STREET 1: 410 N. SCOTTSDALE ROAD, SUITE 1000
|
| 88 |
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CITY: TEMPE
|
| 89 |
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STATE: AZ
|
| 90 |
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ZIP: 85288
|
| 91 |
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|
| 92 |
+
FORMER COMPANY:
|
| 93 |
+
FORMER CONFORMED NAME: Social Capital Hedosophia Holdings Corp. II
|
| 94 |
+
DATE OF NAME CHANGE: 20200124
|
| 95 |
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</SEC-HEADER>
|
| 96 |
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<DOCUMENT>
|
| 97 |
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|
| 98 |
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|
| 99 |
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|
| 100 |
+
<DESCRIPTION>8-K
|
| 101 |
+
<TEXT>
|
| 102 |
+
<a href="open-20260507.htm">Document 1 - file: open-20260507.htm</a><br>
|
| 103 |
+
</DOCUMENT>
|
| 104 |
+
<DOCUMENT>
|
| 105 |
+
<TYPE>EX-99.1
|
| 106 |
+
<SEQUENCE>2
|
| 107 |
+
<FILENAME>q12026formxex991earningsre.htm
|
| 108 |
+
<DESCRIPTION>EX-99.1
|
| 109 |
+
<TEXT>
|
| 110 |
+
<a href="q12026formxex991earningsre.htm">Document 2 - file: q12026formxex991earningsre.htm</a><br>
|
| 111 |
+
</DOCUMENT>
|
| 112 |
+
<DOCUMENT>
|
| 113 |
+
<TYPE>EX-99.2
|
| 114 |
+
<SEQUENCE>3
|
| 115 |
+
<FILENAME>exhibit992-q12026form8xk.htm
|
| 116 |
+
<DESCRIPTION>EX-99.2
|
| 117 |
+
<TEXT>
|
| 118 |
+
<a href="exhibit992-q12026form8xk.htm">Document 3 - file: exhibit992-q12026form8xk.htm</a><br>
|
| 119 |
+
</DOCUMENT>
|
| 120 |
+
<DOCUMENT>
|
| 121 |
+
<TYPE>EX-99.3
|
| 122 |
+
<SEQUENCE>4
|
| 123 |
+
<FILENAME>exhibit993-1q26opendoors.htm
|
| 124 |
+
<DESCRIPTION>EX-99.3
|
| 125 |
+
<TEXT>
|
| 126 |
+
<a href="exhibit993-1q26opendoors.htm">Document 4 - file: exhibit993-1q26opendoors.htm</a><br>
|
| 127 |
+
</DOCUMENT>
|
| 128 |
+
<DOCUMENT>
|
| 129 |
+
<TYPE>EX-101.SCH
|
| 130 |
+
<SEQUENCE>5
|
| 131 |
+
<FILENAME>open-20260507.xsd
|
| 132 |
+
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
|
| 133 |
+
<TEXT>
|
| 134 |
+
<a href="open-20260507.xsd">Document 5 - file: open-20260507.xsd</a><br>
|
| 135 |
+
</DOCUMENT>
|
| 136 |
+
<DOCUMENT>
|
| 137 |
+
<TYPE>EX-101.DEF
|
| 138 |
+
<SEQUENCE>6
|
| 139 |
+
<FILENAME>open-20260507_def.xml
|
| 140 |
+
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
|
| 141 |
+
<TEXT>
|
| 142 |
+
<a href="open-20260507_def.xml">Document 6 - file: open-20260507_def.xml</a><br>
|
| 143 |
+
</DOCUMENT>
|
| 144 |
+
<DOCUMENT>
|
| 145 |
+
<TYPE>EX-101.LAB
|
| 146 |
+
<SEQUENCE>7
|
| 147 |
+
<FILENAME>open-20260507_lab.xml
|
| 148 |
+
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
|
| 149 |
+
<TEXT>
|
| 150 |
+
<a href="open-20260507_lab.xml">Document 7 - file: open-20260507_lab.xml</a><br>
|
| 151 |
+
</DOCUMENT>
|
| 152 |
+
<DOCUMENT>
|
| 153 |
+
<TYPE>EX-101.PRE
|
| 154 |
+
<SEQUENCE>8
|
| 155 |
+
<FILENAME>open-20260507_pre.xml
|
| 156 |
+
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
|
| 157 |
+
<TEXT>
|
| 158 |
+
<a href="open-20260507_pre.xml">Document 8 - file: open-20260507_pre.xml</a><br>
|
| 159 |
+
</DOCUMENT>
|
| 160 |
+
<DOCUMENT>
|
| 161 |
+
<TYPE>GRAPHIC
|
| 162 |
+
<SEQUENCE>9
|
| 163 |
+
<FILENAME>exhibit992-q12026form8xk001.jpg
|
| 164 |
+
<DESCRIPTION>GRAPHIC
|
| 165 |
+
<TEXT>
|
| 166 |
+
<a href="exhibit992-q12026form8xk001.jpg">Document 9 - file: exhibit992-q12026form8xk001.jpg</a><br>
|
| 167 |
+
</DOCUMENT>
|
| 168 |
+
<DOCUMENT>
|
| 169 |
+
<TYPE>GRAPHIC
|
| 170 |
+
<SEQUENCE>10
|
| 171 |
+
<FILENAME>exhibit992-q12026form8xk002.jpg
|
| 172 |
+
<DESCRIPTION>GRAPHIC
|
| 173 |
+
<TEXT>
|
| 174 |
+
<a href="exhibit992-q12026form8xk002.jpg">Document 10 - file: exhibit992-q12026form8xk002.jpg</a><br>
|
| 175 |
+
</DOCUMENT>
|
| 176 |
+
<DOCUMENT>
|
| 177 |
+
<TYPE>GRAPHIC
|
| 178 |
+
<SEQUENCE>11
|
| 179 |
+
<FILENAME>exhibit992-q12026form8xk003.jpg
|
| 180 |
+
<DESCRIPTION>GRAPHIC
|
| 181 |
+
<TEXT>
|
| 182 |
+
<a href="exhibit992-q12026form8xk003.jpg">Document 11 - file: exhibit992-q12026form8xk003.jpg</a><br>
|
| 183 |
+
</DOCUMENT>
|
| 184 |
+
<DOCUMENT>
|
| 185 |
+
<TYPE>GRAPHIC
|
| 186 |
+
<SEQUENCE>12
|
| 187 |
+
<FILENAME>exhibit992-q12026form8xk004.jpg
|
| 188 |
+
<DESCRIPTION>GRAPHIC
|
| 189 |
+
<TEXT>
|
| 190 |
+
<a href="exhibit992-q12026form8xk004.jpg">Document 12 - file: exhibit992-q12026form8xk004.jpg</a><br>
|
| 191 |
+
</DOCUMENT>
|
| 192 |
+
<DOCUMENT>
|
| 193 |
+
<TYPE>GRAPHIC
|
| 194 |
+
<SEQUENCE>13
|
| 195 |
+
<FILENAME>exhibit992-q12026form8xk005.jpg
|
| 196 |
+
<DESCRIPTION>GRAPHIC
|
| 197 |
+
<TEXT>
|
| 198 |
+
<a href="exhibit992-q12026form8xk005.jpg">Document 13 - file: exhibit992-q12026form8xk005.jpg</a><br>
|
| 199 |
+
</DOCUMENT>
|
| 200 |
+
<DOCUMENT>
|
| 201 |
+
<TYPE>GRAPHIC
|
| 202 |
+
<SEQUENCE>14
|
| 203 |
+
<FILENAME>exhibit992-q12026form8xk006.jpg
|
| 204 |
+
<DESCRIPTION>GRAPHIC
|
| 205 |
+
<TEXT>
|
| 206 |
+
<a href="exhibit992-q12026form8xk006.jpg">Document 14 - file: exhibit992-q12026form8xk006.jpg</a><br>
|
| 207 |
+
</DOCUMENT>
|
| 208 |
+
<DOCUMENT>
|
| 209 |
+
<TYPE>GRAPHIC
|
| 210 |
+
<SEQUENCE>15
|
| 211 |
+
<FILENAME>exhibit992-q12026form8xk007.jpg
|
| 212 |
+
<DESCRIPTION>GRAPHIC
|
| 213 |
+
<TEXT>
|
| 214 |
+
<a href="exhibit992-q12026form8xk007.jpg">Document 15 - file: exhibit992-q12026form8xk007.jpg</a><br>
|
| 215 |
+
</DOCUMENT>
|
| 216 |
+
<DOCUMENT>
|
| 217 |
+
<TYPE>GRAPHIC
|
| 218 |
+
<SEQUENCE>16
|
| 219 |
+
<FILENAME>exhibit992-q12026form8xk008.jpg
|
| 220 |
+
<DESCRIPTION>GRAPHIC
|
| 221 |
+
<TEXT>
|
| 222 |
+
<a href="exhibit992-q12026form8xk008.jpg">Document 16 - file: exhibit992-q12026form8xk008.jpg</a><br>
|
| 223 |
+
</DOCUMENT>
|
| 224 |
+
<DOCUMENT>
|
| 225 |
+
<TYPE>GRAPHIC
|
| 226 |
+
<SEQUENCE>17
|
| 227 |
+
<FILENAME>exhibit992-q12026form8xk009.jpg
|
| 228 |
+
<DESCRIPTION>GRAPHIC
|
| 229 |
+
<TEXT>
|
| 230 |
+
<a href="exhibit992-q12026form8xk009.jpg">Document 17 - file: exhibit992-q12026form8xk009.jpg</a><br>
|
| 231 |
+
</DOCUMENT>
|
| 232 |
+
<DOCUMENT>
|
| 233 |
+
<TYPE>GRAPHIC
|
| 234 |
+
<SEQUENCE>18
|
| 235 |
+
<FILENAME>exhibit992-q12026form8xk010.jpg
|
| 236 |
+
<DESCRIPTION>GRAPHIC
|
| 237 |
+
<TEXT>
|
| 238 |
+
<a href="exhibit992-q12026form8xk010.jpg">Document 18 - file: exhibit992-q12026form8xk010.jpg</a><br>
|
| 239 |
+
</DOCUMENT>
|
| 240 |
+
<DOCUMENT>
|
| 241 |
+
<TYPE>GRAPHIC
|
| 242 |
+
<SEQUENCE>19
|
| 243 |
+
<FILENAME>exhibit992-q12026form8xk011.jpg
|
| 244 |
+
<DESCRIPTION>GRAPHIC
|
| 245 |
+
<TEXT>
|
| 246 |
+
<a href="exhibit992-q12026form8xk011.jpg">Document 19 - file: exhibit992-q12026form8xk011.jpg</a><br>
|
| 247 |
+
</DOCUMENT>
|
| 248 |
+
<DOCUMENT>
|
| 249 |
+
<TYPE>GRAPHIC
|
| 250 |
+
<SEQUENCE>20
|
| 251 |
+
<FILENAME>exhibit992-q12026form8xk012.jpg
|
| 252 |
+
<DESCRIPTION>GRAPHIC
|
| 253 |
+
<TEXT>
|
| 254 |
+
<a href="exhibit992-q12026form8xk012.jpg">Document 20 - file: exhibit992-q12026form8xk012.jpg</a><br>
|
| 255 |
+
</DOCUMENT>
|
| 256 |
+
<DOCUMENT>
|
| 257 |
+
<TYPE>GRAPHIC
|
| 258 |
+
<SEQUENCE>21
|
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<DIV><FONT size="1" style="font-size:1pt;color:white">Use of Non-GAAP Financial Measures To provide investors with additional information regarding the Company’s financial results, these supplemental tables include references to certain non-GAAP financial measures that are used by management. The Company believes these non-GAAP financial measures including Adjusted Gross Profit, Contribution Profit, Adjusted Net Loss, Adjusted EBITDA, and any such non-GAAP financial measures expressed as a Margin, are useful to investors as supplemental operational measurements to evaluate the Company’s financial performance. The non-GAAP financial measures should not be considered in isolation or as a substitute for the Company’s reported GAAP results because they may include or exclude certain items as compared to similar GAAP-based measures, and such measures may not be comparable to similarly-titled measures reported by other companies. Management uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s performance by excluding certain items that may not be indicative of the Company’s recurring operating results. Adjusted Gross Profit and Contribution Profit To provide investors with additional information regarding our margins and return on inventory acquired, we have included Adjusted Gross Profit and Contribution Profit, which are non-GAAP financial measures. We believe that Adjusted Gross Profit and Contribution Profit are useful financial measures for investors as they are supplemental measures used by management in evaluating unit level economics and our operating performance. Each of these measures is intended to present the economics related to homes sold during a given period. We do so by including revenue generated from homes sold (and adjacent services) in the period and only the expenses that are directly attributable to such home sales, even if such expenses were recognized in prior periods, and excluding expenses related to homes that remain in inventory as of the end of the period. Contribution Profit provides investors a measure to assess Opendoor’s ability to generate returns on homes sold during a reporting period after considering home purchase costs, renovation and repair costs, holding costs and selling costs. Adjusted Gross Profit and Contribution Profit are supplemental measures of our operating performance and have limitations as analytical tools. For example, these measures include costs that were recorded in prior periods under GAAP and exclude, in connection with homes held in inventory at the end of the period, costs required to be recorded under GAAP in the same period. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We include a reconciliation of these measures to the most directly comparable GAAP financial measure, which is gross profit. Adjusted Gross Profit / Margin We calculate Adjusted Gross Profit as gross profit under GAAP adjusted for (1) inventory valuation adjustment in the current period, and (2) inventory valuation adjustment in prior periods. Inventory valuation adjustment in the current period is calculated by adding back the inventory valuation adjustments recorded during the period on homes that remain in inventory at period end. Inventory valuation adjustment in prior periods is calculated by subtracting the inventory valuation adjustments recorded in prior periods on homes sold in the current period. Adjusted Gross Margin is Adjusted Gross Profit as a percentage of revenue. We view this metric as an important measure of business performance as it captures gross margin performance isolated to homes sold in a given period and provides comparability across reporting periods. Adjusted Gross Profit helps management assess home pricing, service fees and renovation performance for a specific resale cohort. Contribution Profit / Margin We calculate Contribution Profit as Adjusted Gross Profit, minus certain costs incurred on homes sold during the current period including: (1) holding costs incurred in the current period, (2) holding costs incurred in prior periods, and (3) direct selling costs. Contribution Margin is Contribution Profit as a percentage of revenue. Contribution Profit per Home Sold is calculated by dividing Contribution Profit by the number of homes sold in the period. We view these metrics as an important measure of business performance as it captures the unit level performance isolated to homes sold in a given period and provides comparability across reporting periods. Contribution Profit helps management assess the revenues and certain costs directly attributable to a specific resale cohort. Adjusted Net Loss and Adjusted EBITDA / Margin We also present Adjusted Net Loss and Adjusted EBITDA, which are non-GAAP financial measures that management uses to assess our underlying financial performance. These measures are also commonly used by investors and analysts to compare the underlying performance of companies in our industry. We believe these measures provide investors with meaningful period over period comparisons of our underlying performance, adjusted for certain charges that are non-cash, not directly related to our revenue-generating operations, not aligned to related revenue, or not reflective of ongoing operating results that vary in frequency and amount. Adjusted Net Loss and Adjusted EBITDA are supplemental measures of our operating performance and have important limitations. For example, these measures exclude the impact of certain costs required to be recorded under GAAP. These measures also include inventory valuation adjustments that were recorded in prior periods under GAAP and exclude, in connection with homes held in inventory at the end of the period, inventory valuation adjustments required to be recorded under GAAP in the same period. These measures could differ substantially from similarly titled measures presented by other companies in our industry or companies in other industries. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We include a reconciliation of these measures to the most directly comparable GAAP financial measure, which is net loss. Exhibit 99.2 </FONT></DIV>
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<DIV style="page-break-before:always;"> </DIV>
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</DIV>
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<!-- exhibit992-q12026form8xk002.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit992-q12026form8xk002.jpg" title="slide2" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">We calculate Adjusted Net Loss as GAAP net loss adjusted to exclude non-cash expenses of stock-based compensation, equity securities fair value adjustment, and the amortization of stock-based compensation capitalized to internally developed software ("IDSW"). It excludes expenses that are not directly related to our revenue generating operations such as restructuring, and CEO make-whole provision. It excludes loss (gain) on extinguishment of debt as these expenses or gains were incurred as a result of decisions made by management to terminate or partially extinguish portions of our outstanding credit facilities or convertible senior notes early; these expenses or gains are not reflective of ongoing operating results and vary in frequency and amount. Adjusted Net Loss also aligns the timing of inventory valuation adjustments recorded under GAAP to the period in which the related revenue is recorded in order to improve the comparability of this measure to our non-GAAP financial measures of unit economics, as described above. Our calculation of Adjusted Net Loss does not currently include the tax effects of the non-GAAP adjustments because our taxes and such tax effects have not been material to date. We calculated Adjusted EBITDA as Adjusted Net Loss adjusted for depreciation and amortization, property financing and other interest expense, interest income, and income tax expense. Adjusted EBITDA is a supplemental performance measure that our management uses to assess our operating performance and the operating leverage in our business. Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of revenue. Adjusted Operating Expense We also present Adjusted Operating Expense, which is a non-GAAP financial measure that bridges the difference between Contribution Profit and Adjusted EBITDA. We believe this measure provides investors and analysts meaningful period over period comparisons by showing the remaining operating expenses after the costs related to unit level performance are moved to Contribution Profit and certain charges that are non-cash, or not directly related to our revenue-generating operations are removed. Adjusted Operating Expense is a supplemental measure of our operating expenditures and has important limitations. For example, this measure excludes the impact of certain costs required to be recorded under GAAP. This measure removes holding costs and direct selling costs incurred on homes sold during the current period, including holding costs recorded in prior periods, and moves these costs to Contribution Margin. This measure could differ substantially from similarly titled measures presented by other companies in our industry or in other industries. Accordingly, this measure should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We include a reconciliation of this measure to the most directly comparable GAAP financial measure, which is operating expenses. We calculate Adjusted Operating Expense as GAAP operating expense adjusted to exclude direct selling costs and holding costs included in determining Contribution Profit. The measure also excludes non-cash expenses of stock-based compensation, depreciation and amortization and the amortization of stock-based compensation capitalized to IDSW. It also excludes expenses that are not directly related to our revenue-generating operations such as restructuring charges, legal contingency accruals, and CEO make-whole provision. Adjusted Sales, Marketing and Operations, Adjusted General and Administrative, Adjusted Technology and Development We also present Adjusted Sales, Marketing and Operations, Adjusted General and Administrative, and Adjusted Technology and Development, which are non-GAAP financial measures that provide investors and analysts meaningful period over period comparisons by showing the remaining operating expenses after the costs related to unit level performance are moved to contribution profit and certain charges that are non-cash are removed. These supplemental measures of our operating expenditures have important limitations. For example, these measures exclude the impact of certain costs required to be recorded under GAAP. Specifically, Adjusted Sales, Marketing and Operations removes holding costs and direct selling costs incurred on homes sold during the current period, including holding costs recorded in prior periods, and moves these costs to Contribution Margin. These measures could differ substantially from similarly titled measures presented by other companies in our industry or in other industries. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We include a reconciliation of these measures to the most directly comparable GAAP financial measure, which are Sales, marketing and operations expense, General and administrative expense and Technology and development expense. We calculate Adjusted Sales, Marketing and Operations as GAAP sales, marketing and operations expenses to exclude direct selling costs and holding costs included in determining Contribution Profit. This measure also excludes non-cash expenses of stock-based compensation associated with sales, marketing and operations assets. We calculate Adjusted General and Administrative as GAAP general and administrative expenses to exclude non-cash expenses of stock-based compensation associated with general and administrative assets. It also excludes expenses that are not directly related to our revenue-generating operations such as legal contingency accruals and CEO make-whole provision. We calculate Adjusted Technology and Development as GAAP technology and development expenses to exclude non-cash expenses of stock-based compensation, the amortization of stock-based compensation capitalized to IDSW, and depreciation and amortization associated with technology and development assets. </FONT></DIV>
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<!-- exhibit992-q12026form8xk003.jpg -->
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<DIV style="padding-top:2em;">
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<IMG src="exhibit992-q12026form8xk003.jpg" title="slide3" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. NON-GAAP MEASURES & KEY METRICS (Unaudited) Period Ended ($ in millions, except homes purchased, homes sold, homes in inventory, and margins) Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Key Metrics Total Revenue $ 720 $ 736 $ 915 $ 1,567 $ 1,153 Gross profit $ 72 $ 57 $ 66 $ 128 $ 99 Net loss $ (173) $ (1,096) $ (90) $ (29) $ (85) Inventory (at period end) $ 1,139 $ 925 $ 1,053 $ 1,530 $ 2,362 Non-GAAP Financial Measures Adjusted Gross Profit $ 67 $ 45 $ 64 $ 135 $ 100 Selling Costs (23) (23) (28) (43) (29) Holding Costs (12) (15) (16) (23) (17) Contribution Profit $ 32 $ 7 $ 20 $ 69 $ 54 Adjusted EBITDA $ (31) $ (43) $ (33) $ 23 $ (30) Adjusted Net Loss $ (49) $ (62) $ (61) $ (9) $ (63) Margins Total Revenue 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Gross profit 10.0 % 7.7 % 7.2 % 8.2 % 8.6 % Adjusted Gross Profit 9.3 % 6.1 % 7.0 % 8.6 % 8.7 % Contribution Profit 4.4 % 1.0 % 2.2 % 4.4 % 4.7 % Net loss (24.0) % (148.9) % (9.8) % (1.9) % (7.4) % Adjusted EBITDA (4.3) % (5.8) % (3.6) % 1.5 % (2.6) % Adjusted Net Loss (6.8) % (8.4) % (6.7) % (0.6) % (5.5) % Inventory Rollforward Homes in Inventory (at beginning of period) 2,867 3,139 4,538 7,080 6,417 Homes Purchased 2,474 1,706 1,169 1,757 3,609 Homes Sold (1,921) (1,978) (2,568) (4,299) (2,946) Homes in Inventory (at period end) 3,420 2,867 3,139 4,538 7,080 </FONT></DIV>
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</DIV>
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<!-- exhibit992-q12026form8xk004.jpg -->
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<IMG src="exhibit992-q12026form8xk004.jpg" title="slide4" width="1055" height="1365">
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share amounts which are presented in thousands, and per share amounts) (Unaudited) Three Months Ended March 31, 2026 2025 REVENUE $ 720 $ 1,153 COST OF REVENUE 648 1,054 GROSS PROFIT 72 99 OPERATING EXPENSES: Sales, marketing and operations 70 98 General and administrative 137 33 Technology and development 24 21 Restructuring — 3 Total operating expenses 231 155 LOSS FROM OPERATIONS (159) (56) (LOSS) GAIN ON EXTINGUISHMENT OF DEBT (1) — INTEREST EXPENSE (23) (33) OTHER INCOME – Net 10 4 LOSS BEFORE INCOME TAXES (173) (85) INCOME TAX EXPENSE — — NET LOSS $ (173) $ (85) Net loss per share attributable to common shareholders: Basic $ (0.18) $ (0.12) Diluted $ (0.18) $ (0.12) Weighted-average shares outstanding: Basic 959,332 723,542 Diluted 959,332 723,542 </FONT></DIV>
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<!-- exhibit992-q12026form8xk005.jpg -->
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except share data) (Unaudited) March 31, 2026 December 31, 2025 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 999 $ 962 Restricted cash 68 339 Escrow receivable 10 4 Real estate inventory, net 1,139 925 Other current assets ($1 and $0 carried at fair value) 26 69 Total current assets 2,242 2,299 PROPERTY AND EQUIPMENT – Net 25 27 RIGHT OF USE ASSETS 8 8 GOODWILL 3 3 OTHER ASSETS 71 70 TOTAL ASSETS $ 2,349 $ 2,407 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable and other accrued liabilities $ 53 $ 80 Non-recourse asset-backed debt – current portion 68 52 Convertible senior notes – current portion 193 193 Interest payable 2 1 Lease liabilities – current portion 1 1 Total current liabilities 317 327 NON-RECOURSE ASSET-BACKED DEBT – Net of current portion 1,070 1,068 LEASE LIABILITIES – Net of current portion 6 6 OTHER LIABILITIES 2 1 Total liabilities 1,395 1,402 SHAREHOLDERS’ EQUITY: Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 963,283,777 and 957,245,487 shares issued, respectively; 963,283,777 and 957,245,487 shares outstanding, respectively — — Additional paid-in capital 6,160 6,038 Accumulated deficit (5,206) (5,033) Accumulated other comprehensive loss — — Total shareholders’ equity 954 1,005 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,349 $ 2,407 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Three Months Ended March 31, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (173) $ (85) Adjustments to reconcile net loss to cash, cash equivalents, and restricted cash used in operating activities: Depreciation and amortization  8 10 Amortization of right of use asset — 1 Stock-based compensation 120 14 Inventory valuation adjustment 9 13 Change in fair value of equity securities — 3 Other 3 — Origination of mortgage loans held for sale (1) — Loss on extinguishment of debt 1 — Changes in operating assets and liabilities: Escrow receivable (6) (14) Real estate inventory (221) (212) Other assets 42 (16) Accounts payable and other accrued liabilities (29) 8 Interest payable 1 — Lease liabilities — (1) Net cash used in operating activities (246) (279) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment (4) (4) Proceeds from sales, maturities, redemptions and paydowns of marketable securities — 6 Net cash (used in) provided by investing activities (4) 2 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock for ESPP 1 1 Proceeds from non-recourse asset-backed debt 68 576 Principal payments on non-recourse asset-backed debt (53) (362) Payment of loan origination fees and debt issuance costs — (8) Net cash provided by financing activities 16 207 NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (234) (70) CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – Beginning of period 1,301 763 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH – End of period $ 1,067 $ 693 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION – Cash paid during the period for interest $ 20 $ 31 DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: Stock-based compensation expense capitalized for internally developed software $ 1 $ 1 RECONCILIATION TO CONDENSED CONSOLIDATED BALANCE SHEETS: Cash and cash equivalents $ 999 $ 559 Restricted cash 68 134 Cash, cash equivalents, and restricted cash $ 1,067 $ 693 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. NON-GAAP FINANCIAL MEASURES (Unaudited) Reconciliation of our Adjusted Gross Profit and Contribution Profit to our Gross Profit Three Months Ended (in millions, except percentages and homes sold, or as noted) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Revenue (GAAP) $ 720 $ 736 $ 915 $ 1,567 $ 1,153 Gross profit (GAAP) $ 72 $ 57 $ 66 $ 128 $ 99 Gross Margin 10.0 % 7.7 % 7.2 % 8.2 % 8.6 % Adjustments: Inventory valuation adjustment – Current Period (1)(2) 9 9 15 21 13 Inventory valuation adjustment – Prior Periods (1)(3) (14) (21) (17) (14) (12) Adjusted Gross Profit $ 67 $ 45 $ 64 $ 135 $ 100 Adjusted Gross Margin 9.3 % 6.1 % 7.0 % 8.6 % 8.7 % Adjustments: Direct selling costs (4) (23) (23) (28) (43) (29) Holding costs on sales – Current Period (5)(6) (3) (4) (4) (6) (5) Holding costs on sales – Prior Periods (5)(7) (9) (11) (12) (17) (12) Contribution Profit $ 32 $ 7 $ 20 $ 69 $ 54 Homes sold in period 1,921 1,978 2,568 4,299 2,946 Contribution Profit per Home Sold (in thousands) $ 17 $ 4 $ 8 $ 16 $ 18 Contribution Margin 4.4 % 1.0 % 2.2 % 4.4 % 4.7 % (1) Inventory valuation adjustment includes adjustments to record real estate inventory at the lower of its carrying amount or its net realizable value. (2) Inventory valuation adjustment — Current Period is the inventory valuation adjustments recorded during the period presented associated with homes that remain in inventory at period end. (3) Inventory valuation adjustment — Prior Periods is the inventory valuation adjustments recorded in prior periods associated with homes that sold in the period presented. (4) Represents selling costs incurred related to homes sold in the relevant period. This primarily includes broker commissions, external title and escrow-related fees and transfer taxes. Selling costs are included in Sales, marketing and operations on the condensed consolidated statements of operations. (5) Holding costs primarily include property taxes, insurance, utilities, homeowners association dues and maintenance costs. Holding costs are included in Sales, marketing, and operations on the condensed consolidated statements of operations. (6) Represents holding costs incurred in the period presented on homes sold in the period presented. (7) Represents holding costs incurred in prior periods on homes sold in the period presented. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. NON-GAAP FINANCIAL MEASURES (Unaudited) Reconciliation of our Adjusted Net Loss and Adjusted EBITDA to our Net Loss Three Months Ended (in millions, except percentages) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Revenue (GAAP) $ 720 $ 736 $ 915 $ 1,567 $ 1,153 Net loss (GAAP) $ (173) $ (1,096) $ (90) $ (29) $ (85) Adjustments: Stock-based compensation 15 16 13 13 14 Stock-based compensation for market condition RSUs 105 89 14 — — Equity securities fair value adjustment(1) — — — — 3 Amortization of stock-based compensation capitalized to IDSW 3 3 4 4 3 Inventory valuation adjustment – Current Period(2)(3) 9 9 15 21 13 Inventory valuation adjustment — Prior Periods(2)(4) (14) (21) (17) (14) (12) Restructuring(5) — — 1 6 3 CEO make-whole provision(6) 5 5 — — — Loss (gain) on extinguishment of debt 1 933 1 (10) — Other(7) — — (2) — (2) Adjusted Net Loss $ (49) $ (62) $ (61) $ (9) $ (63) Adjustments: Depreciation and amortization, excluding amortization of intangibles 5 5 5 5 5 Property financing(8) 19 21 23 29 29 Other interest expense(9) 4 7 11 7 4 Interest income(10) (10) (13) (12) (9) (5) Income tax expense — (1) 1 — — Adjusted EBITDA $ (31) $ (43) $ (33) $ 23 $ (30) Adjusted EBITDA Margin (4.3) % (5.8) % (3.6) % 1.5 % (2.6) % (1) Represents the gains and losses on certain financial instruments, which are marked to fair value at the end of each period. (2) Inventory valuation adjustment includes adjustments to record real estate inventory at the lower of its carrying amount or its net realizable value. (3) Inventory valuation adjustment — Current Period is the inventory valuation adjustments recorded during the period presented associated with homes that remain in inventory at period end. (4) Inventory valuation adjustment — Prior Periods is the inventory valuation adjustments recorded in prior periods associated with homes that sold in the period presented. (5) Restructuring costs consist primarily of severance and employee termination benefits and bonuses incurred in connection with the elimination of employees’ roles, consulting fees, and expenses related to the termination of certain leases incurred during the restructuring process. (6) In connection with the appointment of the Company's new Chief Executive Officer in September 2025, the Company granted two make-whole awards related to compensation forfeited from his former employer. The awards consist of (i) a $15 million cash award and (ii) a restricted stock unit award with a grant date value of $15 million. Both awards vest nine months after his start date, contingent upon his continued service as Chief Executive Officer through the vesting date, and are expensed over the requisite service period. The CEO make-whole provision adjustment reflects only the expense associated with the cash make-whole award. The expense associated with the restricted stock unit make-whole award is included in the stock-based compensation line item presented separately in the reconciliation above. (7) Primarily includes and related party services income. (8) Includes interest expense on our non-recourse asset-backed debt facilities. (9) Includes (i) amortization of debt issuance costs, loan origination fees, commitment fees, unused fees, and other interest-related costs on our asset-backed debt facilities, and (ii) amortization of debt issuance costs and debt discounts and interest expense related to our convertible senior notes. (10) Consists mainly of interest earned on cash, cash equivalents and restricted cash. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. NON-GAAP FINANCIAL MEASURES (Unaudited) Reconciliation of our Adjusted Operating Expenses to our Operating Expenses Three Months Ended (in millions, except percentages) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 OPERATING EXPENSES: Sales, marketing and operations 70 60 66 86 98 General and administrative 137 129 48 28 33 Technology and development 24 18 19 21 21 Restructuring — — 1 6 3 Total Operating Expenses (GAAP) $ 231 $ 207 $ 134 $ 141 $ 155 Operating Expenses (GAAP) $ 231 $ 207 $ 134 $ 141 $ 155 Adjustments: Direct Selling Costs(1) (23) (23) (28) (43) (29) Holding costs included in contribution profit(2) (12) (15) (16) (23) (17) Stock-based compensation (15) (16) (13) (13) (14) Stock-based compensation for market condition RSUs (105) (89) (14) — — Amortization of stock-based compensation capitalized IDSW (3) (3) (4) (4) (3) Restructuring — — (1) (6) (3) CEO make-whole provision(3) (5) (5) — — — Depreciation and amortization, excluding amortization of intangibles (5) (5) (5) (5) (5) Other — (1) — (1) — Total Adjusted Operating Expenses (Non-GAAP) $ 63 $ 50 $ 53 $ 46 $ 84 (1) Represents selling costs incurred related to homes sold in the relevant period. This primarily includes broker commissions, external title and escrow-related fees and transfer taxes, and are included in Sales, marketing and operations. (2) Represents holding costs incurred in the period presented on homes sold in the period presented as well as holding costs incurred in prior periods on homes sold in the period presented (“Resale Cohort Holding Costs”). Holding costs include mainly property taxes, insurance, utilities, homeowners association dues and maintenance costs. Holding costs are included in Sales, marketing and operations on the condensed consolidated statements of operations in the period in which they are incurred (“GAAP Holding Costs”). (3) In connection with the appointment of the Company's new Chief Executive Officer in September 2025, the Company granted two make-whole awards related to compensation forfeited from his former employer. The awards consist of (i) a $15 million cash award and (ii) a restricted stock unit award with a grant date value of $15 million. Both awards vest nine months after his start date, contingent upon his continued service as Chief Executive Officer through the vesting date, and are expensed over the requisite service period. The CEO make-whole provision adjustment reflects only the expense associated with the cash make-whole award. The expense associated with the restricted stock unit make-whole award is included in the stock-based compensation line item presented separately in the reconciliation above. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. NON-GAAP FINANCIAL MEASURES (Unaudited) Reconciliation of our Adjusted Sales, Marketing and Operatiions; Adjusted General and Administrative; and Adjusted Technology and Developement Expenses to Their Corresponding GAAP Measures Three Months Ended (in millions) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Sales, marketing and operations (GAAP)(1) $ 70 $ 60 $ 66 $ 86 $ 98 Direct Selling Costs(2) (23) (23) (28) (43) (29) Holding costs included in contribution profit(3)(4) (12) (15) (16) (23) (17) Stock-based compensation (1) (1) (2) (2) (2) Stock-based compensation for market condition RSUs (1) — — — — Adjusted Sales, Marketing and Operations (Non- GAAP)(5) $ 33 $ 21 $ 20 $ 18 $ 50 General and administrative (GAAP) $ 137 $ 129 $ 48 $ 28 $ 33 Stock-based compensation (10) (12) (9) (9) (9) Stock-based compensation for market condition RSUs (100) (89) (14) — — CEO make-whole provision(6) (5) (5) — — — Other — 1 — — — Adjusted General and Administrative (Non-GAAP)(5) $ 22 $ 24 $ 25 $ 19 $ 24 Technology and development (GAAP) $ 24 $ 18 $ 19 $ 21 $ 21 Stock-based compensation (4) (3) (2) (2) (3) Stock-based compensation for market condition RSUs (4) — — — — Amortization of stock-based compensation capitalized to IDSW (3) (3) (4) (4) (3) Depreciation and amortization, excluding amortization of intangibles (5) (5) (5) (5) (5) Other — (2) — (1) — Adjusted Technology and Development (Non-GAAP)(5) $ 8 $ 5 $ 8 $ 9 $ 10 Note: Advertising expenses(1) $ 19 $ 9 $ 7 $ 7 $ 24 (1) Advertising expenses are included in Sales, marketing and operations. (2) Represents selling costs incurred related to homes sold in the relevant period. This primarily includes broker commissions, external title and escrow-related fees and transfer taxes and are included in Sales, marketing and operations. (3) Represents holding costs incurred in the period presented on homes sold in the period presented as well as holding costs incurred in prior periods on homes sold in the period presented (“Resale Cohort Holding Costs”). Holding costs include mainly property taxes, insurance, utilities, homeowners association dues, cleaning and maintenance costs. Holding costs are included in Sales, marketing and operations on the condensed consolidated statements of operations in the period in which they are incurred (“GAAP Holding Costs”). (4) The table below presents the timing difference within Adjusted Sales, marketing and operations related to holding costs. The amount of GAAP Holding Costs recognized during the period may be in excess of/ (less than) the amount of Resale Cohort Holding costs related to homes sold in the relevant period and included in Contribution Profit. Three Months Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Total GAAP Holding Costs $ 11 $ 10 $ 12 $ 16 $ 21 Holding costs on sales - Current Period (3) (4) (4) (6) (5) Holding costs on sales - Prior Periods (9) (11) (12) (17) (12) Less: Resale Cohort Holding Costs (12) (15) (16) (23) (17) GAAP Holding Costs in excess of / (less than) Resale Holding Costs included in Contribution Profit $ (1) $ (5) $ (4) $ (7) $ 4 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">(5) The sum of Adjusted Sales, Marketing and Operations, Adjusted General and Administrative, and Adjusted Technology and Development expenses is equal to Total Adjusted Operated Expenses (Non-GAAP). Refer to the "Reconciliation of our Adjusted Operating Expenses to our Operating Expenses" table. (6) In connection with the appointment of the Company's new Chief Executive Officer in September 2025, the Company granted two make-whole awards related to compensation forfeited from his former employer. The awards consist of (i) a $15 million cash award and (ii) a restricted stock unit award with a grant date value of $15 million. Both awards vest nine months after his start date, contingent upon his continued service as Chief Executive Officer through the vesting date, and are expensed over the requisite service period. The CEO make-whole provision adjustment reflects only the expense associated with the cash make-whole award. The expense associated with the restricted stock unit make-whole award is included in the stock-based compensation line item presented separately in the reconciliation above. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">OPENDOOR TECHNOLOGIES INC. SEGMENT INFORMATION (Unaudited) Three Months Ended (in millions) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Revenue $ 720 $ 736 $ 915 $ 1,567 $ 1,153 Less: Cost of revenue (648) (679) (849) (1,439) (1,054) Direct selling costs(1) (23) (23) (28) (43) (29) Holding costs(2) (12) (15) (16) (23) (17) Advertising and other marketing expense(3) (19) (9) (7) (7) (24) Operations(4) (12) (13) (12) (15) (16) Fixed operating expense(5) (33) (35) (37) (31) (39) CEO make-whole provision(6) (5) (5) — — — Stock-based compensation (15) (16) (13) (13) (14) Stock-based compensation for market condition RSUs (105) (89) (14) — — Interest expense (23) (28) (34) (36) (33) Interest income 10 13 12 9 5 Other(7) (8) (933) (7) 2 (17) Net loss $ (173) $ (1,096) $ (90) $ (29) $ (85) (1) Represents selling costs incurred related to homes sold in the relevant period. This primarily includes broker commissions, external title and escrow-related fees and transfer taxes and are included in Sales, marketing and operations. (2) Represents holding costs incurred both in the period presented and in prior periods on homes sold in the period presented (“Resale Cohort Holding Costs”). Holding costs include mainly property taxes, insurance, utilities, homeowners association dues, cleaning and maintenance costs. Holding costs are included in Sales, marketing and operations in the period in which they are incurred (“GAAP Holding Costs”). (3) Advertising expenses are included in Sales, marketing and operations. Other marketing expenses include non-advertising marketing expenses such as acquisition leads and referrals and public relations services and are included in Sales, marketing and operations. (4) Represents operating expenses that are generally related to the volume of homes transacted during the period and tend to be variable in nature. Primarily includes workforce expenses in support of sales, and real estate inventory operations. (5) Represents operating expenses that are not directly correlated with home transaction volumes. These expenses generally include costs related to salaries and benefits for our leadership, finance, technology, human resources, legal, marketing and administrative personnel, as well as third-party professional services fees, rent expense and third-party software. (6) In connection with the appointment of the Company's new Chief Executive Officer in September 2025, the Company granted two make-whole awards related to compensation forfeited from his former employer. The awards consist of (i) a $15 million cash award and (ii) a restricted stock unit award with a grant date value of $15 million. Both awards vest nine months after his start date, contingent upon his continued service as Chief Executive Officer through the vesting date, and are expensed over the requisite service period. The CEO make-whole provision adjustment reflects only the expense associated with the cash make-whole award. The expense associated with the restricted stock unit make-whole award is included in the stock-based compensation line item presented separately in the reconciliation above. (7) Other segment income (expenses) are primarily made up of depreciation and amortization, gain on deconsolidation, net, restructuring, and amortization of stock-based compensation capitalized to internally developed software. This also includes the elimination of holding costs incurred in prior periods on homes sold in the periods presented, and includes holding costs incurred in the current period on homes remaining in inventory at period end. </FONT></DIV>
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<DESCRIPTION>EX-99.3
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 1Q26 Macro Charts Exhibit 99.3 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 1 Note: MLS Clearance Rate is defined as the number of daily contracts that enter pending status on the Multiple Listing Service (i.e. market listings), filtered for Opendoor’s markets and buybox, divided by the number of active listings on the Multiple Listing Service, filtered for the same markets and buybox. 2 Note: MLS OD Price-Weighted Gross Clearance Rate is defined as the number of daily contracts that enter pending status on the Multiple Listing Service (i.e. market listings), filtered for Opendoor’s markets and buybox, divided by the number of active listings on the Multiple Listing Service, filtered for the same markets and buybox, and weighted by Opendoor's price point and market mix, defined by the distribution of Opendoor's listed inventory across price points and markets. Trailing 7-Day MLS Clearance Rate1 MLS Data Filtered to Opendoor Markets and Buybox 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trailing 7-Day MLS OD Price-Weighted Gross Clearance Rate2 MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 Trailing 7-Day MLS Contracts MLS Data Filtered to Opendoor Markets and Buybox 2 Trailing 7-Day MLS Active Listings MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 Trailing 28-Day MLS Daily Delisting to Contract Ratio MLS Data Filtered to Opendoor Markets and Buybox; excludes California markets 3 Trailing 7-Day MLS New Listings MLS Data Filtered to Opendoor Markets and Buybox Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 30-Day Rolling Home Price Appreciation (HPA) Weighted to Opendoor Markets; Non-Seasonally Adjusted 4 YoY Rolling Home Price Appreciation (HPA) Weighted to Opendoor Markets; Non-Seasonally Adjusted Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">Supplemental Macro Charts 1Q26 Trailing 28-Day Average of Daily New Delistings MLS Data Filtered to Opendoor Markets and Buybox; excludes California markets 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec </FONT></DIV>
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