01—Abstract
Summary
Summary of the 8-K filed April 6, 2021. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Coinbase announced preliminary Q1 2021 financial results and provided a full-year 2021 outlook via a press release furnished with the 8-K.
- The 8-K filing itself does not contain the detailed financial results but directs investors to Exhibit 99.1 (the press release).
- This filing precedes Coinbase's direct listing, making preliminary performance data and future guidance highly relevant for investors.
- The company reaffirmed its commitment to using various public channels, including SEC filings, its website, and social media, to disseminate material information.
- Investors should seek out the press release dated April 6, 2021, for the specific unaudited Q1 financial estimates and the 2021 outlook.
- The 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.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce Coinbase's estimated financial results for the first quarter ended March 31, 2021, and to provide an outlook for the full year 2021. It serves as a notification to investors of this forward-looking information.
Where can I find the actual Q1 2021 financial results and the 2021 outlook?
The detailed financial results and outlook are not included directly within the 8-K filing itself. They are provided in a press release issued by Coinbase on April 6, 2021, which is furnished as Exhibit 99.1 to this report. Investors need to refer to this press release for the specific figures.
Is the information in this 8-K considered 'filed' for legal purposes?
No, the information furnished with Item 2.02 of this 8-K, including the press release, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal liability as information that is formally filed.
How does Coinbase communicate material information to investors?
Coinbase announces material information through a variety of channels, including SEC filings (like this 8-K), its official website (www.coinbase.com), its blog (blog.coinbase.com), press releases, public conference calls, webcasts, and its official social media accounts (including Twitter, Facebook, LinkedIn, and YouTube), as well as the personal Twitter feed of its CEO, Brian Armstrong.
04—Continue