01—Abstract
Summary
Summary of the 8-K filed August 10, 2021. Cited figures are marked; the original filing is the authoritative source.
Coinbase Global, Inc. (COIN) filed an 8-K on August 10, 2021, primarily to furnish its Q2 2021 Shareholder Letter and announce an upcoming conference call to discuss these results.
The filing itself does not contain the detailed financial results but directs investors to the Shareholder Letter (Exhibit 99.1) for this information and a reconciliation of GAAP to non-GAAP financial measures. Investors should pay close attention to the Shareholder Letter for the comprehensive financial performance and operational updates for the quarter ended June 30, 2021. Coinbase also reiterated its commitment to disseminating material information through various public channels, including SEC filings, its corporate website, blog, social media, and executive communications, encouraging investors to monitor these sources for a complete understanding of company developments.
02—Key points
Key Highlights
- Coinbase announced its Q2 2021 financial results and is holding a conference call to discuss them on August 10, 2021.
- The detailed financial results for the quarter ended June 30, 2021, are provided in the furnished Shareholder Letter (Exhibit 99.1).
- The filing explicitly states that the information furnished with Item 2.02 (including the Shareholder Letter) is not deemed 'filed' for certain SEC purposes, which may limit liability under Section 18 of the Exchange Act.
- Coinbase will be referencing non-GAAP financial information, and a reconciliation to GAAP is included in the Shareholder Letter.
- The company outlined its communication channels for material information, emphasizing SEC filings, its website, blog, social media, and executive tweets.
- Investors are encouraged to monitor multiple communication channels for comprehensive company updates.
03—Questions
Frequently Asked Questions
Where can I find Coinbase's Q2 2021 financial results?
The detailed financial results for the quarter ended June 30, 2021, are available in the Shareholder Letter, furnished as Exhibit 99.1 to this 8-K filing.
Will Coinbase discuss non-GAAP financial measures?
Yes, Coinbase will be referencing non-GAAP financial information. A reconciliation of these non-GAAP results to their GAAP equivalents is provided within the Shareholder Letter (Exhibit 99.1).
What is the significance of the information not being 'filed' under Section 18?
When information is furnished rather than 'filed' under Item 2.02, it generally means the company may have reduced liability under Section 18 of the Securities Exchange Act of 1934, which pertains to misleading statements made in filed documents. However, it is still considered important information for investors.
How does Coinbase ensure investors receive important updates?
Coinbase communicates material information through various 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 CEO Brian Armstrong's Twitter feed.
04—Continue