A lawsuit was filed on behalf of investors in Coinbase Global, Inc. (NASDAQ: COIN) shares over alleged securities laws violations.
An investor, who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN), filed a lawsuit over alleged violations of Federal Securities Laws by Coinbase Global, Inc. in connection with Coinbase’s April 2021 direct offering (the “Offering”).
Investors who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN) have certain options and for certain investors are short and strict deadlines running. Deadline: September 20, 2021. NASDAQ: COIN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
Wilmington, DE based Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy. On April 14, 2021, Coinbase Global, Inc. went public through the Offering, making available 114,850,769 shares of its Class A common stock to the general public. Shares of Coinbase Global, Inc. (NASDAQ: COIN) began trading on the NASDAQ at $381.00 per share.
On May 19, 2021, shares of Coinbase Global, Inc. (NASDAQ: COIN) declined to $208 per share.
The plaintiff claims that the registration statement and prospectus used to effectuate the Company’s Offering were false and misleading and omitted to state that, at the time of the Offering: (1) Coinbase required a sizeable cash injection; (2) Coinbase’s platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing, the positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.