Robinhood Markets, Inc. to Announce Second Quarter 2021 Results on August 18, 2021; Comments on the recent filing of the resale registration statement
MENLO PARK, Calif., August 06, 2021 (GLOBE NEWSWIRE) – Today, Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will release its second quarter 2021 financial results on Wednesday, August 18, 2021. The conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day. A live webcast of the call and accompanying material will be available at investors.robinhood.com. After the call, a replay and transcript will also be available on the same website.
Resale Registration Statement on Form S-1
On August 5, 2021, Robinhood filed a registration statement on Form S-1 (the “S-1 Resale”) with the Securities and Exchange Commission (the “SEC”). The S-1 Resale records the shares already outstanding following the automatic conversion of the Tranche I convertible bonds as part of the closing of Robinhood’s initial public offering on August 2, 2021. Robinhood does not sell itself- even additional securities but has filed Resale S-1 on behalf of some of its shareholders under a pre-existing contractual obligation under the Tranche I convertible note purchase contract. No sale can be made on Resale S-1 until the SEC declares it in effect and, in light of the review periods required by SEC staff, Robinhood does not expect it to be able to obtain a prior efficacy statement for the period ended June 30, 2021, have been filed with its next quarterly report on Form 10-Q that it expects to file on August 18, 2021.
Robinhood Markets’s mission is to democratize finance for all. With Robinhood, people can invest with no minimum account through Robinhood Financial LLC, buy and sell cryptos through Robinhood Crypto LLC, and learn to invest through easy-to-understand educational content. Robinhood aims to create the world’s most trusted and culturally relevant money app.