Social Capital Hedosophia Holdings II announced that shareholders voted for the SPAC’s business combination with Opendoor Labs. Approximately 99.9% of the votes cast at the meeting, representing approximately 64.7 percent of outstanding shares, were in favor of the business combination, the SPAC said.
The deal values the combined company at $4.8 billion.
Opendoor operates an online real estate platform.
The business combination is expected to close today. Trading is expected to begin Dec. 21 on the Nasdaq under “OPEN” for Opendoor Technologies common stock and “OPENW” for the warrants. Read more.
