Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Robinhood Announces Termination of Resale Registration Statement

MENLO PARK, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. (“Robinhood”) filed to terminate its registration statement for the resale of Class A common stock received by certain shareholders upon the automatic conversion of Tranche I convertible notes in connection with Robinhood’s IPO (the “Conversion Shares”). As previously described in Robinhood’s October 8, 2021 press release, the registration statement had been filed to register the potential resale of these Conversion Shares into the public markets. Robinhood filed the registration statement pursuant to a pre-existing contractual obligation under the purchase agreement for the Tranche I convertible notes. Robinhood itself did not sell any additional securities and the filing did not represent an underwritten secondary offering. Robinhood terminated the registration with today’s filing because the contractual obligation has expired. The termination will take effect as soon as the SEC declares the amendment effective. Although the registration statement will no longer be available, former Tranche I noteholders can continue to sell these shares in the public markets under Rule 144 (which allowed investors to begin selling Conversion Shares on the 91st day after Robinhood’s IPO). Accordingly, the termination of the registration statement will not impact the number of shares of Robinhood Class A common stock that can be sold in the public markets.

Contacts

Media

[email protected]

Investor Relations

[email protected]


Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).