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Shopify | SD: Specialized disclosure report

SEC ·  May 25 04:40

Summary by Moomoo AI

Shopify Inc. has filed a Form SD with the United States Securities and Exchange Commission for the reporting period from January 1 to December 31, 2023. The report details Shopify's compliance with Rule 13p-1, which pertains to the disclosure of conflict minerals used in manufacturing. Conflict minerals, as defined by the rule, include gold, coltan, cassiterite, wolframite, and their derivatives, which are necessary for the functionality or production of certain products. Shopify identified that its hardware products such as the Tap & Chip Reader, POS Go, various accessories, and the Chuck robot, which are manufactured by third parties, may contain these minerals. The company conducted a Reasonable Country of Origin Inquiry (RCOI) to determine if the minerals originated from the Democratic Republic of the...Show More
Shopify Inc. has filed a Form SD with the United States Securities and Exchange Commission for the reporting period from January 1 to December 31, 2023. The report details Shopify's compliance with Rule 13p-1, which pertains to the disclosure of conflict minerals used in manufacturing. Conflict minerals, as defined by the rule, include gold, coltan, cassiterite, wolframite, and their derivatives, which are necessary for the functionality or production of certain products. Shopify identified that its hardware products such as the Tap & Chip Reader, POS Go, various accessories, and the Chuck robot, which are manufactured by third parties, may contain these minerals. The company conducted a Reasonable Country of Origin Inquiry (RCOI) to determine if the minerals originated from the Democratic Republic of the Congo or adjoining countries, or if they were from recycled or scrap sources. The inquiry revealed that some conflict minerals used in Shopify's products might have originated from the covered countries and may not be from recycled sources. Shopify has exercised due diligence on the source and chain of custody of these minerals, especially after the sale of its logistics businesses in the second quarter of 2023. The full report is available on Shopify's investor relations website.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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