Bensalem, Pennsylvania, September 17, 2021 / PRNewswire / -Law Firm Howard G. Smith Remind future investors September 20, 2021 Coinbase Global, Inc. (âCoinbaseâ or âCompanyâ) (NASDAQ: COIN) Class A common share that is compliant and / or traceable in the registration statement of the deadline for filing the applicant’s main claim in a proceeding filed on behalf of the investor who purchased it. With a resale of up to 114.8 million shares, Coinbase began trading as a public company in or around the listing. April 14, 2021 (“Offer”).
Investors who lose money on their investment in Coinbase are advised to contact their law firm. Howard G. Smith To discuss their legal rights in this class action at 888-638-4847 or by email [email protected]..
Coinbase is the largest cryptocurrency exchange in the United States According to the offering’s sources, Coinbase “has a robust back-end technology system” and “has experienced rapid and capital efficient growth since.” That is to say. [its] Based. “
to May 17, 2021, Coinbase $ 1.25 billion Sale of convertible bonds. Forbes.com Stressed that “[i]Since Coinbase went public directly in mid-April (without issuing new shares or raising funds), investors may have been surprised by the timing of the issue and said they did not have need cash. show. “
With this news, Coinbase’s share price fell $ 9.24, Or finish at 3.7% $ 239.00 Per share May 18, 2021, which hurt investors.
Following, May 19, 2021, Coinbase announced technical issues such as “delays due to network congestion” affecting those who wish to withdraw money.
With this news, Coinbase’s share price fell $ 14.20, Or 6%, close with $ 224.80 Per share May 19, 2021, which further penalized investors.
The registration statement is virtually false and misleading and has been omitted to mention seriously adverse facts. Throughout the course, the Respondent not only did not disclose materially adverse facts regarding our business, operations and prospects, but also made materially false and / or misleading statements. Specifically, the defendant did not disclose to investors: (1) Coinbase required a considerable injection of liquidity. (2) Coinbase’s platform is sensitive to service level disruptions, which are more likely to occur when businesses expand their services to a larger user base. (3) As a result, the defendant’s statements regarding its business, operations and prospects were practically false and misleading, and / or lacked reasonable grounds at all relevant times.
You can go to court at the latest if you buy or otherwise acquire Class A common shares of Coinbase that are traceable to the Offer Under and / or the Offer. September 20, 2021 Ask the court to appoint you as the principal plaintiff if you meet certain legal conditions. No action is required at this time to become a member of a class action. You can retain the services of the lawyer of your choice or do nothing and remain absent from the class action. If you would like to know more about this class action lawsuit, or if you have any questions regarding this announcement or your rights or interests in these matters, please contact us. Howard G. Smith, squireFrom the law firm Howard G. Smith, 3070 Bristol Pike, office 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll free (888) 638-4847, or by email [email protected]Or visit our website. www.howardsmithlaw.com..
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.
Law office Howard G. Smith
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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 lawsuit against (COIN) is approaching. Around the Web-Pennsylvania
Deadline reminder: Howard G. Smith’s law firm is Coinbase Global, Inc. Notify investors that the deadline for a class action lawsuit against (COIN) is approaching.