BuzzFeed, Inc. (BZFD) Files 8-K: Corporate Name Change Update

TL;DR

BZFD filed an 8-K confirming its former name was 890 5th Avenue Partners, Inc. - nothing new financially.

AI Summary

BuzzFeed, Inc. filed an 8-K on July 3, 2024, reporting "Other Events." The filing indicates that the company was formerly known as 890 5th Avenue Partners, Inc., with a name change occurring on October 19, 2020. The report does not detail specific financial transactions or new business developments beyond this corporate information.

Why It Matters

This filing serves as a formal notification of a past corporate name change, providing clarity on the company's historical identity for investors and stakeholders.

Risk Assessment

Risk Level: low — The filing primarily concerns historical corporate identity and does not introduce new financial risks or material business changes.

Key Players & Entities

• BuzzFeed, Inc. (company) — Registrant
• 890 5th Avenue Partners, Inc. (company) — Former name of registrant
• October 19, 2020 (date) — Date of name change
• July 3, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share BZFD The Nasdaq Sto
• $46.00 — k at an exercise price of approximately $46.00 per share BZFDW The Nasdaq Stock Market
• $150 million — ital Group LLC, dated June 20, 2023, to $150 million and filed a prospectus supplement (the
• $9 m — ected on May 6, 2024) (or approximately $9 million, based on the closing price of th
• $2.71 — ng price of the Class A common stock of $2.71 on July 3, 2024). The Company has previ
• $1.1 million — ulting in an aggregate of approximately $1.1 million of gross proceeds to the Company. A cop
• $44 — expect overall revenues in the range of $44 to $49 million, or approximately 21% to
• $49 m — overall revenues in the range of $44 to $49 million, or approximately 21% to 30% lowe
• $1 million — the range of $(4) million in losses to $1 million in profits, approximately flat year-ove

Filing Documents

• bzfd-20240703.htm (8-K) — 51KB
• buzzfeed-fbdex51opinionx.htm (EX-5.1) — 6KB
• buzzfeed-fbdex51opinionx001.jpg (GRAPHIC) — 231KB
• buzzfeed-fbdex51opinionx002.jpg (GRAPHIC) — 123KB
• 0001828972-24-000171.txt ( ) — 720KB
• bzfd-20240703.xsd (EX-101.SCH) — 3KB
• bzfd-20240703_def.xml (EX-101.DEF) — 16KB
• bzfd-20240703_lab.xml (EX-101.LAB) — 29KB
• bzfd-20240703_pre.xml (EX-101.PRE) — 17KB
• bzfd-20240703_htm.xml (XML) — 4KB

Forward-Looking Statements

Forward-Looking Statements Certain statements in this Current Report on Form 8-K may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding the ATM program and our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts (including our outlook for Q2 2024) or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "affect," "anticipate," "believe," "can," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "target," "will," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include all matters that are not historical facts. The forward-looking statements contained in this Current Report on Form 8-K are based on current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, (some of which are beyond our control) uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) developments relating to our competitors and the digital media industry, including overall demand of advertising in

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 5.1 Opinion of Freshfields Bruckhaus Deringer US LLP. 23.1 Consent of Freshfields Bruckhaus Deringer US LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: 7/3/2024 BuzzFeed, Inc. By: /s/ Jonah Peretti Name: Jonah Peretti Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR