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AI brief of an SEC Form 8-K · Robinhood Markets (HOOD)

Robinhood closes $2.2 billion of 0% convertible notes due 2029

Neutral Impact 4 of 5 financing Written later

Robinhood completed a $2.2 billion private offering of 0.00% convertible senior notes maturing October 1, 2029, including a $200 million option the initial purchasers exercised in full. The company used about $290 million of the net proceeds to repurchase 2.743 million Class A shares and $123.2 million to buy capped calls meant to offset dilution, so shareholders face potential dilution only above the cap price.

Key points

  • $2.2 billion aggregate principal of 0.00% convertible senior notes due October 1, 2029, closed June 25, 2026; net proceeds about $2.169 billion
  • Initial conversion price about $174.42 per share, a premium of about 65% to the June 22, 2026 closing price
  • About $290 million used to repurchase 2.743 million Class A shares; $123.2 million used for capped calls with a cap price of about $237.85 per share

The filing

CompanyRobinhood Markets (HOOD)
Form8-K, current report
Filed with the SECJun 25, 2026, 5:25 PM ET
Accession number0001783879-26-000077

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 25, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.