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Top related persons:
Robinhood - 2 Sam Bankman - 2 Fried - 2 FTX - 2 BlockFi - 1 Andrew Kelly - 1 Palo - 1 Manya Saini - 1
Top related locs:
Robinhood Bankman New York City U.S of New York United States Manhattan Palo Alto , California
Top related orgs:
United States Marshal Service - 2 Emergent Fidelity Technologies - 2 Department of Justice - 1 Morning - 1 Securities and Exchange Commission - 1 SEC - 1 DoJ - 1 Emergent Fidelity - 1

Search resuls for: "United States Marshal Service"


2 mentions found


☆ Robinhood pays $605 million for 55 million shares once owned by Sam Bankman-Fried following a 4-way tussle
  + stars: | 2023-09-02 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Robinhood bought 55 million of its shares worth $605 million that Sam Bankman-Fried once owned. Robinhood, SBF, FTX, and a bankrupt crypto lender had all laid claim to the seized shares. AdvertisementAdvertisementRobinhood has bought back more than $600 million worth of its own shares that were owned by Sam Bankman-Fried before his arrest. In a regulatory filing with the Securities and Exchange Commission (SEC) Friday, the trading platform said it had acquired 55 million shares from the United States Marshal Service (USMS). Shares in Robinhood closed 2% higher Friday following the release of the filing, valuing the company at about $10 billion.
Persons: Robinhood, Sam Bankman, Fried, FTX, BlockFi Organizations: Department of Justice, Morning, Securities and Exchange Commission, SEC, United States Marshal Service, DoJ, Emergent Fidelity Technologies, Emergent Fidelity, Marshal Service Locations: Bankman, Robinhood
☆ Robinhood to buy back Bankman-Fried's stake from US government for $605.7 million
  + stars: | 2023-09-01 | by ( Manya Saini Hannah Lang | Manya Saini | Hannah Lang | ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 1 (Reuters) - Robinhood (HOOD.O) said on Friday it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies. The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year. Robinhood shares climbed more than 3% in premarket trading on the news. The online brokerage said the sale of the 55.3 million shares at $10.96 apiece had been approved by the U.S. District Court for the Southern District of New York. Robinhood first disclosed its intention to buy back the stake in February and said the company's board had authorized it to pursue purchasing most or all of the stock.
Persons: Andrew Kelly, Sam Bankman, Robinhood, Fried, FTX, Palo, Manya Saini, Hannah Lang, Devika Syamnath, Mark Potter Organizations: Inc, REUTERS, United States Marshal Service, Emergent Fidelity Technologies, U.S, Southern, of, Reuters, Thomson Locations: New York City, U.S, Robinhood, of New York, United States, Manhattan, Palo Alto , California, Bengaluru, Washington
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