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Coinbase | 8-K: Coinbase Announces Proposed Private Offering of $1.0 Billion of Convertible Senior Notes Due 2030

Coinbase | 8-K: Current report

Coinbase | 8-K：重大事件
SEC announcement ·  03/12 16:33
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On March 12, 2024, Coinbase Global, Inc. announced its proposal to offer $1.0 billion in convertible senior notes due 2030, with the possibility of an additional $150 million to cover over-allotments. This private offering is targeted at qualified institutional buyers under Rule 144A. Alongside the offering, Coinbase plans to enter into capped call transactions to reduce potential dilution from the conversion of the notes. The proceeds are intended for general corporate purposes, including repaying or redeeming existing senior notes due in 2026, 2028, and 2031. The announcement clarified that this does not constitute an offer to sell the notes or shares of Class A common stock issuable upon conversion. Coinbase, a remote-first company, is focused on increasing economic freedom and updating the financial system through its cryptocurrency platform.
On March 12, 2024, Coinbase Global, Inc. announced its proposal to offer $1.0 billion in convertible senior notes due 2030, with the possibility of an additional $150 million to cover over-allotments. This private offering is targeted at qualified institutional buyers under Rule 144A. Alongside the offering, Coinbase plans to enter into capped call transactions to reduce potential dilution from the conversion of the notes. The proceeds are intended for general corporate purposes, including repaying or redeeming existing senior notes due in 2026, 2028, and 2031. The announcement clarified that this does not constitute an offer to sell the notes or shares of Class A common stock issuable upon conversion. Coinbase, a remote-first company, is focused on increasing economic freedom and updating the financial system through its cryptocurrency platform.
2024年3月12日，Coinbase Global, Inc.宣布提议发行2030年到期的10亿美元可转换优先票据，并可能额外提供1.5亿美元以支付超额配股。根据第144A条，本次私募发行的目标是合格的机构买家。除此次发行外，Coinbase还计划进行有上限的看涨期权交易，以减少票据转换带来的潜在稀释。所得款项用于一般公司用途，包括偿还或赎回2026年、2028年和2031年到期的现有优先票据。该公告澄清说，这并不构成出售转换后可发行的A类普通股的票据或股票的要约。Coinbase是一家远程优先公司，致力于通过其加密货币平台增加经济自由和更新金融体系。
2024年3月12日，Coinbase Global, Inc.宣布提议发行2030年到期的10亿美元可转换优先票据，并可能额外提供1.5亿美元以支付超额配股。根据第144A条，本次私募发行的目标是合格的机构买家。除此次发行外，Coinbase还计划进行有上限的看涨期权交易，以减少票据转换带来的潜在稀释。所得款项用于一般公司用途，包括偿还或赎回2026年、2028年和2031年到期的现有优先票据。该公告澄清说，这并不构成出售转换后可发行的A类普通股的票据或股票的要约。Coinbase是一家远程优先公司，致力于通过其加密货币平台增加经济自由和更新金融体系。
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