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According to PANews news on September 1, according to CNBC reports, Robinhood has signed a stock repurchase agreement with the U.S. Marshals Service, worth $605.7 million, to repurchase the stock of Sam Bankman-Fried’s Emergent Fidelity Technologies. The U.S. District Court for the Southern District of New York has approved the sale of 55.3 million shares at $10.96 each, Robinhood said.


As previously reported in February, Robinhood’s board of directors authorized the purchase of Robinhood shares held by SBF’s companies.
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