secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001679788-25-000167
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase prices $2.6B upsized 0% convertible senior notes offering
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- Priced $1.3B of 0% convertible notes due 2029 and $1.3B due 2032; up from previously announced $2.0B.
- Initial conversion prices: $454.44/share (52.5% premium) for 2029 notes; $394.84/share (32.5% premium) for 2032 notes.
- Net proceeds of ~$2.56B ($2.96B if greenshoe fully exercised); $194.4M used for capped call transactions.
- Proceeds for general corporate purposes including potential repurchase of existing debt and Class A common stock.
- Capped call transactions entered to reduce dilution; settlement expected August 8, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000167/0001679788-25-000167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000167/coin-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001679788-25-000167

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