SoFi Technologies Files 8-K Amendment
Ticker: SOFI · Form: 8-K/A · Filed: Mar 26, 2024 · CIK: 1818874
| Field | Detail |
|---|---|
| Company | Sofi Technologies, INC. (SOFI) |
| Form Type | 8-K/A |
| Filed Date | Mar 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, material-agreement, equity-securities
Related Tickers: SOFI
TL;DR
SoFi filed an 8-K amendment on March 26th, updating info on a key deal and stock sales from March 4th.
AI Summary
SoFi Technologies, Inc. filed an amendment (8-K/A) on March 26, 2024, related to events on March 4, 2024. The filing concerns entry into a material definitive agreement and unregistered sales of equity securities. SoFi Technologies, Inc. is incorporated in Delaware and headquartered in San Francisco, California.
Why It Matters
This amendment provides updated information regarding material agreements and equity sales, which could impact investor understanding of SoFi's financial and operational activities.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings can indicate new or revised material information that could affect a company's stock price.
Key Players & Entities
- SoFi Technologies, Inc. (company) — Registrant
- March 4, 2024 (date) — Earliest event date
- March 26, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- San Francisco, California (location) — Principal executive offices
- Social Capital Hedosophia Holdings Corp. V (company) — Former company name
FAQ
What specific material definitive agreement is being amended or clarified in this 8-K/A filing?
The filing indicates an amendment related to the 'Entry into a Material Definitive Agreement' but does not specify the agreement's details within the provided text.
What type of unregistered sales of equity securities are being reported?
The filing mentions 'Unregistered Sales of Equity Securities' as an item information, but the specific details of these sales are not included in the provided text.
What was the previous name of SoFi Technologies, Inc.?
The previous name of SoFi Technologies, Inc. was Social Capital Hedosophia Holdings Corp. V.
When did the name change from Social Capital Hedosophia Holdings Corp. V to SoFi Technologies, Inc. occur?
The date of the name change was July 22, 2020.
What is the primary business address of SoFi Technologies, Inc.?
The primary business address is 234 1st Street, San Francisco, California 94105.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-03-26 17:05:54
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share SOFI The Nasdaq Glo
Filing Documents
- sofi-20240304.htm (8-K/A) — 25KB
- 0001818874-24-000084.txt ( ) — 144KB
- sofi-20240304.xsd (EX-101.SCH) — 2KB
- sofi-20240304_lab.xml (EX-101.LAB) — 21KB
- sofi-20240304_pre.xml (EX-101.PRE) — 12KB
- sofi-20240304_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Exchange Transactions On March 25, 2024 and March 26, 2024, the Company issued an aggregate of 72,621,879 shares of common stock in the settlement of the transactions contemplated by the Exchange Agreements.
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. Exchange Transactions The information under the heading "Exchange Transactions" in Item 1.01 of this Amendment is incorporated by reference into this Item 3.02. The Company issued the shares of common stock pursuant to the Exchange Agreements in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The Company relied on this exemption from registration based in part on representations made by the holders of 2026 notes party to the Exchange Agreements. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SoFi Technologies, Inc. Date: March 26, 2024 By: /s/ Christopher Lapointe Name: Christopher Lapointe Title: Chief Financial Officer