IPOB SEC filings, in plain English
Everything Social Capital Hedosophia Holdings Corp. II has filed with the SEC that we hold — 40 filings, newest first, 6 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: On August 19, 2026 Opendoor Technologies Inc. closed privately negotiated subscriptions issuing $650.0 million aggregate principal of 0.00% Convertible Senior Notes due 2030 under an indenture with U.S. Bank Trust Company. The notes bear no regular interest and do not accrete, maturing August 15, 2030. The initial conversion rate is 212.2466 shares per $1,000, an initial conversion price of about $4.71, a premium of approximately 35% over the $3.49 close on August 12, 2026, and 137,960,290 shares on conversion at that rate. Why it matters: The same report discloses that on August 17, 2026 the company repurchased approximately $158 million of its own shares from participants in the transactions, and the placement agent bought approximately $25 million more, so a large part of the $650 million raised went straight back out to buy stock. Capped calls bought August 12, 2026 cost about $52.5 million and cap at $6.98. The dilution ceiling to price is 186,246,385 shares at the 286.5329 maximum conversion rate.
What changed: Opendoor Technologies Inc. filed as Exhibit 10.2 a form of capped call confirmation dated August 12, 2026 between a dealer and the company. It is a European-style share option transaction on Opendoor common stock (Nasdaq: OPEN) in which the company is the buyer and the dealer the seller, with an Option Entitlement of one share per option, a Strike Price of USD 4.7115 and a Cap Price of USD 6.9800 which may not be adjusted below the Strike Price. Why it matters: A capped call limits the company's exposure to share appreciation between $4.7115 and $6.9800 per share, so any offsetting benefit stops at the cap. The number of options and therefore the total number of shares covered is in an annex not included here, and the premium is blank in the form, so neither the size nor the cost of the hedge can be stated from this document.
What changed: Opendoor Technologies Inc. issued a press release on August 4, 2026 announcing results for the second quarter ended June 30, 2026 as Exhibit 99.1, and posted an earnings supplement and supplemental macroeconomic charts to its investor relations site, attached as Exhibits 99.2 and 99.3. All three are furnished under Items 2.02 and 7.01 and are not deemed filed. The body of the 8-K states no figures. Why it matters: The report dates Opendoor's Q2 2026 release and identifies the supplements, but every number is in the exhibits. On its own it supports no conclusion about the de-SPAC's revenue, margins or cash position.
What changed: Opendoor Technologies Inc. reported second-quarter revenue of $883 million against $1,567 million a year earlier and six-month revenue of $1,603 million against $2,720 million. Net loss widened to $162 million for the quarter from $29 million and to $335 million for the half from $114 million, with general and administrative expense rising to $272 million for the half from $61 million. Real estate inventory doubled to $1,845 million from $925 million, and current non-recourse asset-backed debt rose to $691 million from $52 million. Why it matters: Revenue halved while the loss grew fivefold, and the balance sheet moved in the opposite direction from the income statement: inventory doubled to $1.85 billion, funded by asset-backed debt of which $691 million is now current against $52 million at year end. Cash and equivalents were $896 million with restricted cash down to $66 million from $339 million. The $194 million current portion of convertible senior notes sits alongside that — context for the $650 million zero-coupon convertible the company issued on August 19, 2026.
What changed: Opendoor Technologies Inc. filed as definitive additional materials a message posted on X on June 2, 2026 by Kaz Nejatian, its Chief Executive Officer. He tells shareholders that the proxy advisers ISS and Glass Lewis have recommended that they vote against him at the annual meeting, says it is the fifth time in his career those firms have recommended against his team, and argues they have built no companies and are not meaningful shareholders of OPEN. He asks holders to find out how to vote and to vote their own shares rather than outsource the decision. Why it matters: A sitting chief executive publicly contesting ISS and Glass Lewis recommendations, filed as soliciting material, records that the company treated its own director election as contested and ran a retail campaign to offset institutional holders that follow the advisers. The message names no meeting date, no record date, no proposal number and no vote threshold, so the ballot itself has to be read from the proxy statement; what this filing establishes is the existence and the tone of the campaign, and the date on which it was made.
What changed: Opendoor Technologies Inc., the successor to Social Capital Hedosophia Holdings Corp. II, called its 2026 annual meeting for Thursday, June 11, 2026 at 9:30 a.m. Pacific Time online only, record date April 16, 2026, at which 964,704,409 shares of Common Stock were outstanding with one vote each. Mr. Nejatian was appointed Chief Executive Officer effective September 10, 2025, succeeding Mr. Radhakrishna who had served as President and interim Principal Executive Officer since August 15, 2025 after the previous CEO resigned. Mr. Why it matters: An inducement award of 40,886,344 performance RSUs to a single executive is roughly 4% of the 964.7 million shares outstanding - one of the largest individual equity grants in this cohort, and granted as an inducement so it sits outside the shareholder-approved plan. Three chief executives within a single year signals instability at the top of a company already carrying near-billion-share dilution. Make-whole TRSUs accelerate on an involuntary termination.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.