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

SEC announcement ·  Mar 12 16:33
Summary by Moomoo AI
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.
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This announcement is a separate document:

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