Coinbase reincorporates from Delaware to Texas effective Dec 15, 2025

Coinbase Global, Inc.

Reincorporation effective at 5:00 PM ET on December 15, 2025; state of incorporation changed from Delaware to Texas.
Each outstanding share of Class A and Class B common stock converted 1:1 into equivalent Texas corporation shares; no need to exchange certificates.
No change in business, management, properties, obligations, assets, liabilities, or net worth (other than transaction costs).
Ticker COIN and Nasdaq listing unchanged; shareholder rights changed as detailed in the Texas charter and bylaws.
Supplemental indentures filed for convertible notes due 2026, 2029, 2030, and 2032 to reflect the reincorporation.

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