Bensalem, Pennsylvania, September 17, 2021 / PRNewswire /-Law firm Howard G. Smith Reminds future investors September 20, 2021 Coinbase Global, Inc. (“Coinbase” or “Company”) (NASDAQ: COIN) Class A common stock that complies with and / or is traceable in the deadline registration statement for filing the plaintiff’s lead petition in a proceeding filed on behalf of the investor who purchased it. With resale of up to 114.8 million shares, Coinbase has begun trading as a public company in or around the listing. April 14, 2021 (“Offering”).
Investors who are losing money on their investment in Coinbase are advised to contact their law firm. Howard G. Smith To discuss their legal rights in this class proceeding at 888-638-4847 or by email howardsmith@howardsmithlaw.com..
Coinbase is the largest cryptocurrency exchange in the United States According to offering sources, Coinbase “has a robust back-end technology system” and “has grown in a fast and capital-efficient manner ever since.” That is. [its] Founded. “
on May 17, 2021, Coinbase $ 1.25 billion Sale of convertible bonds. Forbes.com Pointed out that “[i]Given that Coinbase went public in mid-April directly (without issuing new shares or raising funds), investors may have been surprised at the timing of the issue and said they didn’t need cash. is showing. “
With this news, Coinbase’s stock price fell $ 9.24, Or finish at 3.7% $ 239.00 Per share May 18, 2021, Which hurt investors.
next, May 19, 2021, Coinbase has announced technical issues such as “delays due to network congestion” affecting those who want to withdraw money.
With this news, Coinbase’s stock price fell $ 14.20, Or 6%, close with $ 224.80 Per share May 19, 2021, Which further hurt investors.
The registration statement is virtually false and misleading and has been omitted to state seriously unfavorable facts. Throughout the class, Defendant not only did not disclose materially unfavorable facts about our business, operations and outlook, but also made materially false and / or misleading statements. Specifically, the defendant did not disclose to investors: (1) Coinbase required a considerable amount of cash injection. (2) Coinbase’s platform is susceptible to service level interruptions, which are more likely to occur as companies expand their services to a larger user base. (3) As a result, Defendant’s statements regarding its business, operations, and outlook were virtually false and misleading, and / or lacked reasonable grounds at all relevant times.
You may move to court at the latest if you purchase or otherwise acquire Coinbase Class A common stock that is traceable to the offering according to and / or the offering. September 20, 2021 Ask the court to appoint you as the main plaintiff if you meet certain legal requirements. No action is required at this time to become a member of a class proceeding. You can retain the lawyer of your choice or take no action and remain an absent member of the class proceedings. If you would like to know more about this class proceeding, or if you have any questions about this announcement or your rights or interests in these matters, please contact us. Howard G. Smith, EsquireOf the law firm Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll-free (888) 638-4847, or by email howardsmith@howardsmithlaw.comOr visit our website. www.howardsmithlaw.com..
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Law firm Howard G. Smith
Howard G. Smith, Esquire
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888-638-4847
howardsmith@howardsmithlaw.com
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Deadline Reminder: Howard G. Smith’s law firm is Coinbase Global, Inc. Notify investors that the deadline for a class action against (COIN) is approaching.Around the Web-Pennsylvania
Source link Deadline Reminder: Howard G. Smith’s law firm is Coinbase Global, Inc. Notify investors that the deadline for a class action against (COIN) is approaching.Around the Web-Pennsylvania