Robinhood will spend over $600 million to buy back shares of Emergent Fidelity Technologies

2023-09-01 21:31:29

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ChainCatcher news, according to Reuters, Robinhood has signed a stock buyback agreement with the U.S. Marshals Service (USMS), spending $605.7 million to repurchase shares of Emergent Fidelity Technologies, owned by SBF.

After FTX and Emergent filed for bankruptcy protection last year, Robinhood's shares were seized and subsequently transferred to the custody of the U.S. government.

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