Business Context and Reporting Period
This Form 8-K was filed by BuzzFeed, Inc. on December 23, 2021. The report discloses the posting of historical financial information and full-year 2021 outlook data to the company's investor relations website. This disclosure follows the company's acquisition of 100% of the membership interests of CM Partners, LLC and the consummation of its business combination with 890 Fifth Avenue Partners, Inc., which occurred on December 3, 2021.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of historical financial information and outlook data posted separately on the company's investor relations website (Exhibit 99.1) but does not include the figures within this document.
Material Changes
The primary material event reported is the completion of the business combination with 890 Fifth Avenue Partners, Inc. and the acquisition of CM Partners, LLC on December 3, 2021. This filing serves to disseminate the resulting financial data and outlook to the public.
Guidance, Outlook, and Risks
Management has posted information relating to the full-year 2021 outlook on the investor relations website. The filing explicitly states that the information contained in the referenced website posting is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section, nor is it incorporated by reference in other filings except as expressly set forth.
Investor Verification Checklist
- Verify the specific revenue, profit, and cash flow figures by accessing the financial information posted on the BuzzFeed investor relations website (referenced as Exhibit 99.1).
- Confirm the details of the full-year 2021 outlook provided in the separate website posting.
- Review the terms of the business combination with 890 Fifth Avenue Partners, Inc. and the acquisition of CM Partners, LLC to understand the consolidated financial impact.
- Note that the data in this 8-K is a disclosure of a website posting and does not constitute a filed financial statement under Section 18 of the Exchange Act.