Real Estate News

Opendoor Technologies Inc. Announces Redemption of All Outstanding Warrants

SAN FRANCISCO, June 09, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), (“Opendoor” or “the Company”), a leading digital platform for residential real estate, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated April 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent, as amended by the First Amendment to the Warrant Agreement, dated March 22, 2021, by and among the Company, CST and American Stock Transfer & Trust Company (the “Warrant Agent”), as warrant agent (as amended, the “Warrant Agreement”), as part of the units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m.

Arbor Realty Trust, Inc. Announces Closing of $230 Million Offering of Series D Cumulative Redeemable Preferred Stock

UNIONDALE, N.Y., June 02, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today the closing of its public offering of 9,200,000 shares of its 6.375% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”), liquidation preference $25.00 per share, which amount includes 1,200,000 shares of the Series D Preferred Stock issued upon the exercise in full by the underwriters of their over-allotment option on May 26, 2021, for gross proceeds of $230 million, before deducting underwriting discounts and estimated offering expenses.

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