Item 7.01. Regulation FD Disclosure.
On
The information contained in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) 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
Item 8.01. Other Events.
In connection with the Agreement, the Company issued to Zillow a warrant
representing the right to purchase up to 6 million shares of the Company's
common stock, which will vest in tranches for resale services with respect to
homes that qualify for a referral fee under the Agreement. The exercise price
per tranche of warrant shares will equal the 30-day trailing volume weighted
average price prior to the vesting date, subject to a floor of
The warrant is attached hereto as Exhibit 99.2 and is incorporated herein by reference to such exhibit. The foregoing description of the warrant does not purport to be complete and is qualified in its entirety by reference to such exhibit.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits. Exhibit No. Description 99.1 Press Release issued byOpendoor Technologies Inc. onAugust 4, 2022 99.2 Warrant datedJuly 28, 2022 104 Cover Page Interactive Data File (Cover page XBRL tags are embedded within the Inline XBRL document) 2
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