Replies to post #2184 on Roku Inc (ROKU)

[Bigtoker]

I don’t think this drop has anything to do with these shares . From a charting prospective there should have been a big pull back once it hit 63 range either way . So no biggie still going Roku long ! $$$ might have also been part of the deal with the purchase of dataex should get a nice bounce back

[DrHarleyboy]

We have prepared this prospectus to allow the selling stockholders to offer and sell from time to time up to 571,459 shares of our Class A common stock for their own account. We are registering the offer and sale of the shares beneficially owned by the selling stockholders to satisfy certain registration obligations that we granted the selling stockholders in connection with our acquisition of Dataxu, Inc. Pursuant to the Agreement and Plan of Merger, dated October 22, 2019, as amended, we entered into in connection with such transaction, we have agreed to use our best efforts to keep the registration statement, of which this prospectus forms a part, effective until the date that all shares subject to such provision and covered by this registration statement (i) have been sold hereunder or pursuant to Rule 144 under the Securities Act, or (ii) may be sold under Rule 144 under the Securities Act. Notwithstanding the foregoing, our obligation to keep the registration statement effective will terminate on November 8, 2021.


It's simply part of the acquisition package.