Chamath Palihapitiya Sells Part of SoFi Stake, Expects to Add to Clover [Business News Network (BNN) (Canada)]
Clover Health Investments, Corp. - Class A Common stock (CLOV)
Company Research
Source: Business News Network
The sale was “to build up some cash reserves and fund several new investments,” according to Palihapitiya, the founder and chief executive officer of VC fund Social Capital Partnership. Among those investments, he said in a letter posted on Twitter, he expects to increase his stake in Clover Health Investments Corp. Palihapitiya's firm retains 85% of its original stake in SoFi, he said. SoFi fell as much as 1.6% after Palihapitiya disclosed the sale. San Francisco-based SoFi made its Nasdaq debut this year after merging with Palihapitiya's blank-check company. ©2021 Bloomberg L.P. FAANG stocks
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News
- Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative Actions [Yahoo! Finance]Yahoo! Finance
- Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative ActionsGlobeNewswire
- Insider Spends US$110k Buying More Shares In Clover Health Investments [Yahoo! Finance]Yahoo! Finance
- Clover Health Launches New Clinical Program in Partnership with Quartet Health to Address Serious Mental IllnessGlobeNewswire
- Downgrade: Here's How Analysts See Clover Health Investments, Corp. (NASDAQ:CLOV) Performing In The Near Term [Yahoo! Finance]Yahoo! Finance
CLOV
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 8-K
- 4/4/24 - Form 8-K
- CLOV's page on the SEC website