#ROBINHOOD REQUEST WAS THROTTLED REGISTRATION#
Accordingly, the termination of the registration statement will not impact the number of shares of Robinhood Class A common stock that can be sold in the public Robinhood Markets, Inc. In this system, brokerage apps like Robinhood are only the visible tips of an iceberg, but the actual. Although the registration statement will no longer be available, former Tranche I noteholders can continue to sell these shares in the public markets under Rule 144 (which allowed investors to begin selling Conversion Shares on the 91st day after Robinhood’s IPO). The termination will take effect as soon as the SEC declares the amendment effective. Robinhood terminated the registration with today’s filing because the contractual obligation has expired. As I understand, the minimum wait time between API calls is 1 second. I am submitting my API requests with an interval of 10 seconds. If the web application is reset, the system is reinitialized with. Subsequent requests to the same process reuse the entities and threads that are initialized in that first request. Robinhood itself did not sell any additional securities and the filing did not represent an underwritten secondary offering. My API requests are being throttled at random intervals. The throttle control system is initialized during the BeginRequest event of the first HTTP request to a specific worker process on a specific front-end web server. Robinhood filed the registration statement pursuant to a pre-existing contractual obligation under the purchase agreement for the Tranche I convertible notes. As previously described in Robinhood’s Octopress release, the registration statement had been filed to register the potential resale of these Conversion Shares into the public markets. (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). Robinhood sparked the outrage of its users this week after it throttled their ability to buy shares of GameStop and other red-hot stocks amid a market frenzy. (“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”). 07, 2021 (GLOBE NEWSWIRE) - Today, Robinhood Markets, Inc. 07, 2021 (GLOBE NEWSWIRE) - Today, Robinhood Markets, Inc.
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