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Robinhood Strikes $605.7 Million Deal with US Marshal Service to Buyback Sam Bankman-Fried's Stake

Robinhood Strikes $605.7 Million Deal with US Marshal Service to Buyback Sam Bankman-Fried's Stake
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FTX's Sam Bankman-Fried fighting court battle in Antigua over assets

Creditors claim Mr Bankman-Fried is obstructing the liquidation of a separate company he owned in the Caribbean ....

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Robinhood to buy back Bankman-Fried's stake for $605.7 million from US govt

(Reuters) -Robinhood 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. 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. ....

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Robinhood Shares Jump After Company Buys Back Bankman-Fried's Seized Shares

Robinhood’s shares, which had been slumping in recent weeks, shot up after it announced it bought more than $605 million in shares that had previously been controlled by Sam Bankman-Fried. ....

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Robinhood Markets : Announces Purchase of Shares Previously Owned by Emergent Fidelity Technologies -Today at 08:24 am

News

Robinhood Announces Purchase of Shares Previously Owned by Emergent Fidelity Technologies

Robinhood

Sep 1,. ....

Jason Warnick , Robinhood Markets Inc , Emergent Fidelity Technologies Ltd , Emergent Fidelity Technologies , Chief Financial Officer , Robinhood Markets ,