Coinbase Global Inc. Class A Common Stock (NASDAQ: COIN)
Company Name:Coinbase Global Inc. Class A Common Stock
Stock Symbol:NASDAQ: COIN
Class Period Start:04/14/2021
Class Period End (inclusive):07/22/2021
The Complaint alleges 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.