07:09 AM EDT, 08/13/2026 (MT Newswires) -- Opendoor Technologies ( OPEN ) said Thursday that it has raised $440 million in net growth capital through a $650 million offering of 0% convertible senior notes due 2030 to fund home inventory expansion, closing Aug. 19.

The company spent $158 million to buy back 45.3 million shares at $3.49 per share and $52.5 million on capped call transactions with a cap price of $6.98 per share to curb dilution, the company said.

The notes carry an initial conversion price of $4.71 per share, and the placement agent will purchase $25 million in common stock alongside the deal, Opendoor ( OPEN ) said.

Shares of the company were down 3% in recent Thursday premarket activity.