FTX Urges Bankruptcy Court to Freeze $450M in Robinhood Shares Owed to Creditors
Given the list of creditors claiming the Robinhood shares, FTX asked the court to wait for a "fair" solution to be determined.
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Given the list of creditors claiming the Robinhood shares, FTX asked the court to wait for a "fair" solution to be determined.
<p><span>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 sta...