United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.)*
Opendoor Technologies Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
683712103
(CUSIP Number)
December 18, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 81578P106 | Schedule 13G | Page 1 of 9 |
| 1 |
Names of Reporting Persons
SVF Excalibur (Cayman) Limited | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Cayman Islands | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
73,620,282 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
73,620,282 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
73,620,282 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.5% | |||||
| 12 | Type of Reporting Person
CO | |||||
| CUSIP No. 81578P106 | Schedule 13G | Page 2 of 9 |
| 1 |
Names of Reporting Persons
SVF Endurance (Cayman) Limited | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Cayman Islands | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
73,620,282 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
73,620,282 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
73,620,282 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.5% | |||||
| 12 | Type of Reporting Person
CO | |||||
| CUSIP No. 81578P106 | Schedule 13G | Page 3 of 9 |
| 1 |
Names of Reporting Persons
SoftBank Vision Fund (AIV M1) L.P. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
73,620,282 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
73,620,282 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
73,620,282 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.5% | |||||
| 12 | Type of Reporting Person
PN | |||||
| CUSIP No. 81578P106 | Schedule 13G | Page 4 of 9 |
| 1 |
Names of Reporting Persons
SB Investment Advisers (UK) Limited | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
England and Wales | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
73,620,282 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
73,620,282 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
73,620,282 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.5% | |||||
| 12 | Type of Reporting Person
FI | |||||
| CUSIP No. 81578P106 | Schedule 13G | Page 5 of 9 |
| ITEM 1. (a) | Name of Issuer: |
Opendoor Technologies Inc. (the “Issuer”)
| (b) | Address of Issuer’s Principal Executive Offices: |
1 Post Street, Floor 11
San Francisco, California 94104
| ITEM 2. (a) | Name of Person Filing: |
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:
SVF Excalibur (Cayman) Limited (“SVF Excalibur”)
SVF Endurance (Cayman) Limited (“SVF Endurance”)
SoftBank Vision Fund (AIV M1) L.P. (“AIV M1”)
SB Investment Advisers (UK) Limited (“SBIA UK”)
| (b) | Address or Principal Business Office: |
The address for each of SVF Excalibur is c/o Walkers Corp Ltd., Cayman Corporate Centre, 27 Hospital Road George Town, Grand Cayman, KY1-9008, Cayman Islands. The address for AIV M1 is 251 Little Falls Drive, Wilmington, DE 19808. The address for SBIA UK is 69 Grosvenor Street, London W1K 3JP, United Kingdom.
| (c) | Citizenship of each Reporting Person is: |
Each of SVF Excalibur and SVF Endurance is organized under the laws of the Cayman Islands. AIV M1 is organized under the laws of Delaware. SBIA UK is organized under the laws of England and Wales.
| (d) | Title of Class of Securities: |
Common stock, par value $0.0001 per share (“Common Stock”).
| (e) | CUSIP Number: |
683712103
| ITEM 3. |
|
Not applicable.
| CUSIP No. 81578P106 | Schedule 13G | Page 6 of 9 |
| ITEM 4. | Ownership. |
(a-c)
The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of December 18, 2020, based upon 544,422,565 shares of Common Stock outstanding.
| Reporting Person | Amount beneficially owned |
Percent of class: |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Get the next $IPOB alert in real time by email Crush Q1 2026 with the Best AI SuperconnectorStay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform. SEC Form 3: Daniel Morillo claimed ownership of 2,102,805 units of Common Stock3 - Opendoor Technologies Inc. (0001801169) (Issuer) Business Services Finance SEC Form EFFECT filedEFFECT - Opendoor Technologies Inc. (0001801169) (Filer) Business Services Finance Opendoor, a Leading Digital Platform for Residential Real Estate, to Become Publicly-traded following Completed Transaction with Social Capital Hedosophia IISAN FRANCISCO & PALO ALTO, Calif.--(BUSINESS WIRE)--Opendoor Labs Inc. (“Opendoor”), the online homes marketplace and pioneer in iBuying, and Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) ("SCH"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Opendoor public. The transaction forms a leading, publicly traded digital platform for residential real estate. The newly formed company is named Opendoor Technologies Inc. (“Opendoor Technologies” or the “Company”), and it will start trading on The Nasdaq Global Select Market (“Nasdaq”) under the new ticker symbol “OPEN.” Opendoor Technologies will raise approx Business Services Finance Social Capital Hedosophia II Shareholders Approve Business Combination With OpendoorPALO ALTO, Calif.--(BUSINESS WIRE)--Social Capital Hedosophia Holdings Corp. II (NYSE:IPOB) (“SCH” and, after the Domestication as described below, “Opendoor Technologies”), a publicly traded special purpose acquisition company, announced today that in a general meeting on December 17, 2020, its shareholders voted to approve its proposed business combination (the “business combination”) with Opendoor Labs Inc. (“Opendoor”), the pioneer and market leader in iBuying. Approximately 99.9% of the votes cast at the meeting, representing approximately 64.7% of SCH’s outstanding shares, were in favor of the business combination. The business combination is expected to close on December 18, Business Services Finance | |||||||||||||||||||