NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of shareholders of Opendoor Technologies, Inc. (NASDAQ: OPEN), Schmitt Industries, Inc. (NASDAQ: SMIT), Block, Inc. (NYSE: SQ) and Twitter, Inc. (NYSE: TWTR). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Opendoor Technologies, Inc. (NASDAQ: OPEN)

Collection Period: December 21, 2020 – September 16, 2022 or pursuant to the Company’s IPO on December 21, 2020

Lead Plaintiff Deadline: December 6, 2022

Opendoor was formerly Social Capital Hedosophia Holdings Corp. II (“SCH”) and has been operated as a special purpose entity (“SPAC”), also known as a blank check corporation, which is a development stage company that has no specific business plan or purpose or has stated that its business plan is to enter into a merger or acquisition with one or more unidentified companies, other legal entities or persons.

On September 15, 2020, the Company, then operating as SCH, and Legacy Opendoor, a private company operating as a digital residential real estate platform, announced that they had entered into a definitive agreement to merge (the “Merger Agreement”). which valued Legacy Opendoor at an enterprise value of $4.8 billion.

On October 5, 2020, the Company filed a registration statement on Form S-4 with the SEC in connection with the Merger, which, after several amendments, was effective by the SEC on November 27, 2020 (the “Registration Statement”). . On November 30, 2020, the Company filed a proxy statement/prospectus on Form 424B3 with the SEC in connection with the merger, which formed part of the registration statement (the “Power of Attorney” and together with the registration statement, the “Offering Documents”).

On December 18th…