Summary
Coinbase Global, Inc. (COIN) filed an 8-K on April 6, 2021, to announce preliminary financial results for its first quarter ended March 31, 2021, and provided an outlook for the full year 2021. The filing itself does not contain the detailed financial results, but rather references a press release (Exhibit 99.1) that was issued concurrently and contains this information. Investors should refer to the aforementioned press release for specific figures. This 8-K serves as an important notification of Coinbase's expected performance as it heads into its direct listing. The company also reiterated its communication channels for material information, emphasizing the use of SEC filings, its website, blog, press releases, and social media platforms. Investors looking for unaudited preliminary Q1 2021 results and the 2021 full-year outlook should consult the furnished press release.
Key Highlights
- 1Coinbase announced preliminary Q1 2021 financial results and provided a full-year 2021 outlook via a press release furnished with the 8-K.
- 2The 8-K filing itself does not contain the detailed financial results but directs investors to Exhibit 99.1 (the press release).
- 3This filing precedes Coinbase's direct listing, making preliminary performance data and future guidance highly relevant for investors.
- 4The company reaffirmed its commitment to using various public channels, including SEC filings, its website, and social media, to disseminate material information.
- 5Investors should seek out the press release dated April 6, 2021, for the specific unaudited Q1 financial estimates and the 2021 outlook.
- 6The information furnished is not deemed 'filed' under Section 18 of the Exchange Act, meaning it doesn't carry the same legal liability as a formal filing.