BuzzFeed Reports Exit Costs and Files Exhibits
Ticker: BZFDW · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1828972
| Field | Detail |
|---|---|
| Company | Buzzfeed, Inc. (BZFDW) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $46.00, $1.8 million, $2.0 m, $4.0 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: exit-costs, disposal-activities, filing-exhibits
TL;DR
BuzzFeed's got exit costs and new exhibits to show, filing on Feb 6th.
AI Summary
BuzzFeed, Inc. filed an 8-K on February 12, 2025, reporting on cost associated with exit or disposal activities as of February 6, 2025. The filing also includes financial statements and exhibits. BuzzFeed, Inc. was formerly known as 890 5th Avenue Partners, Inc., with a name change occurring on October 19, 2020.
Why It Matters
This filing indicates potential restructuring or divestiture activities within BuzzFeed, which could impact its future financial performance and operational focus.
Risk Assessment
Risk Level: medium — Filings related to exit or disposal activities can signal financial distress or strategic shifts, warranting closer examination of the company's financial health.
Key Players & Entities
- BuzzFeed, Inc. (company) — Registrant
- 890 5th Avenue Partners, Inc. (company) — Former company name
- February 6, 2025 (date) — Earliest event reported
- February 12, 2025 (date) — Date of report
- October 19, 2020 (date) — Date of name change
FAQ
What specific 'Cost Associated with Exit or Disposal Activities' is BuzzFeed reporting?
The filing does not specify the exact dollar amount or nature of the costs associated with exit or disposal activities, only that it is an item being reported.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 6, 2025.
What was BuzzFeed, Inc.'s former name?
BuzzFeed, Inc.'s former name was 890 5th Avenue Partners, Inc.
On what date did BuzzFeed, Inc. change its name?
The company's name was changed on October 19, 2020.
What is BuzzFeed's principal executive office address?
BuzzFeed's principal executive offices are located at 229 West 43rd Street, New York, New York 10036.
Filing Stats: 983 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2025-02-12 16:45:51
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
- $1.8 million — he foregoing charges will range between $1.8 million to $2.0 million, and we expect the char
- $2.0 m — rges will range between $1.8 million to $2.0 million, and we expect the charges will b
- $4.0 m — vings are estimated to be approximately $4.0 million, which the Company expects to rea
Filing Documents
- bzfd-20250206.htm (8-K) — 42KB
- 0001828972-25-000020.txt ( ) — 214KB
- bzfd-20250206.xsd (EX-101.SCH) — 3KB
- bzfd-20250206_def.xml (EX-101.DEF) — 16KB
- bzfd-20250206_lab.xml (EX-101.LAB) — 30KB
- bzfd-20250206_pre.xml (EX-101.PRE) — 17KB
- bzfd-20250206_htm.xml (XML) — 4KB
Forward Looking Statements
Forward Looking Statements Certain statements in this Current Report 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 our management team's expectations, hopes, beliefs, intentions or strategies regarding the future (including the expected benefits of our recently announced restructuring plan). In addition, any statements that refer to projections, forecasts 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 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. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see our filings with the Securities
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: 2/6/2025 BuzzFeed, Inc. By: /s/ Jonah Peretti Name: Jonah Peretti Title: Chief Executive Officer