Robinhood Closes Offering of $2.2 Billion of 0.00% Convertible Senior Notes Due 2029

Transaction raised $2.2 billion, enhancing strategic flexibility to invest for future growth Approximately $290 million of proceeds used to repurchase outstanding Class A common stock $123.2 million of proceeds used to acquire capped calls intended to offset any share dilution elevating conversion price to $174.42 per share With the capped calls, Robinhood anticipates no net dilution from the transaction until its share price exceeds approximately $237.85 or an approximately 154% increase from t