Coinbase increases tender consideration to $675/$1,000, $50M notes tendered early

Coinbase Global, Inc.

Early tender results: $50,034,000 principal amount of 3.625% Senior Notes due 2031 tendered as of Aug 18.
Total consideration increased to $675 per $1,000 principal, eliminating the early tender premium.
Maximum tender amount remains $150M aggregate purchase price; $1B notes outstanding.
Early settlement expected Aug 22; tender offer expires Sep 1, 2023.
Citigroup Global Markets Inc. is dealer manager for the tender offer.

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