An investigation for investors in Coinbase Global, Inc. (NASDAQ:COIN) shares over potential securities laws violations by Coinbase Global, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/24/2022 -- Coinbase Global, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Coinbase Global, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 14, 2021, Wilmington, DE based 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 10, 2022, Coinbase reported its first quarter 2022 results. The company stated it lost $430 million in the first quarter. Along with this, the company reported a first-quarter 2022 loss of $1.98 per share compared to the year-ago earnings of $3.05 per share.
Shares of Coinbase Global, Inc. (NASDAQ: COIN) declined to $40.83 per share on May 12, 2022.
Those who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.