Robinhood Markets, Inc. Files Amendment to Resale Registration Statement
01 Setembro 2021 - 7:00AM
As previously announced, Robinhood Markets, Inc. (“Robinhood”)
filed a registration statement on Form S-1 (File No. 333-258474)
(the “Resale S-1”) with the Securities and Exchange Commission (the
“SEC”) on August 5, 2021. The Resale S-1 was filed on behalf of
certain Robinhood shareholders that received Class A common stock
upon the automatic conversion of Tranche I convertible notes in
connection with Robinhood’s IPO. The Resale S-1 registers the
potential resale of these shares of Class A common stock and was
filed pursuant to a pre-existing contractual obligation under the
purchase agreement for the Tranche I convertible notes. Robinhood
is not itself selling any additional securities and the filing does
not represent a follow-on offering. The SEC staff informed
Robinhood on August 13, 2021 that they are reviewing the Resale
S-1.
On September 1, 2021 Robinhood filed an amendment to the Resale
S-1 to, among other things, incorporate second quarter 2021
financial results into the Resale S-1. Once the SEC staff completes
its review, Robinhood intends to file an acceleration request
asking the SEC to declare the Resale S-1 effective two business
days later. We expect to make a public announcement when we file
that request.
No sales can be made off the Resale S-1 until the SEC staff
completes their review and declares it effective. At this time, we
cannot predict how long that process will take.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. Copies of the
prospectus, when available, may be obtained from the SEC’s website
at www.sec.gov. These securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement
becomes effective.
About Robinhood
Robinhood Markets is on a mission to democratize finance for
all. With Robinhood, people can invest with no account minimums
through Robinhood Financial LLC, buy and sell crypto through
Robinhood Crypto LLC, and learn about investing through
easy-to-understand educational content. Robinhood aims to build the
most trusted and most culturally relevant money app worldwide.
Contacts
Media
press@robinhood.com
Investor Relations
ir@robinhood.com
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