Latham & Watkins Advises Opendoor on Distribution of Tradable Warrants to Stockholders

"Latham & Watkins LLP advised Opendoor Technologies Inc. on a distribution of tradable warrants to registered stockholders and certain convertible noteholders. As of November 18, 2025, eligible holders received one Series K, Series A and Series Z warrant for every 30 shares; the warrants trade on Nasdaq as OPENW, OPENL and OPENZ."

Latham & Watkins LLP represented Opendoor Technologies Inc. (Nasdaq: OPEN) in the transaction. Opendoor Technologies Inc. announced the distribution of warrants to purchase the company’s common stock to its registered stockholders and certain convertible noteholders. Each stockholder of record as of November 18, 2025, received three series of warrants — Series K, Series A and Series Z — one warrant of each series for every 30 shares of the company’s common stock held. The warrants were described as aligning with the company’s shareholder-focused initiatives and are tradable on The Nasdaq Stock Market under the tickers OPENW (Series K), OPENL (Series A) and OPENZ (Series Z). Latham & Watkins LLP represented Opendoor Technologies Inc. with a team composed by: partners Ross McAloon and Haim Zaltzman; counsel Christopher Yu; and associates Rachel Staub, Tony Noh and Adam Zhang.

Latham & Watkins Advises Opendoor on Distribution of Tradable Warrants to Stockholders

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