Coinbase proposes $2.0B convertible notes (2029/2032) with $300M greenshoe option

Coinbase Global, Inc.

Offers $1.0B in 2029 notes and $1.0B in 2032 notes; initial purchasers can buy an extra $150M of each.
Expects capped call transactions to reduce dilution upon conversion; cost paid from offering proceeds.
Net proceeds for general corporate purposes, including repurchasing existing notes or shares.
Notes are senior unsecured, convertible into cash or Class A common stock at Coinbase's election.
Offered to qualified institutional buyers under Rule 144A; not registered under Securities Act.

item 8.01item 9.01

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