{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-25-000086","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.312399+00:00","generated_at":"2026-05-22T04:49:27.182388+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Coinbase to acquire crypto derivatives exchange Deribit for $700M cash + ~11M shares","bullets":["Total consideration: $700M in cash plus ~10.998M shares of Coinbase Class A common stock.","Deribit shareholders subject to lock-up: 2/3 of stock received, released 50% at 90 days and 50% at 180 days post-closing.","Deal subject to regulatory approvals and other customary conditions; outside date of Nov 8, 2025 with extension possible.","Coinbase must pay $100M termination fee if deal fails due to regulatory approval issues."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-25-000086","json":"https://secwatch.observer/filing/0001679788-25-000086.json","markdown":"https://secwatch.observer/filing/0001679788-25-000086.md","text":"https://secwatch.observer/filing/0001679788-25-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978825000086/0001679788-25-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978825000086/coin-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:49:27.182388+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}