Coinbase Global, Inc. Reports Upsized Convertible Senior Notes Offering
Summary
• Item 8.01: On August 5, 2025, Coinbase Global, Inc. announced the upsize and pricing of its offering of $1.3 billion aggregate principal amount of 0% convertible senior notes due 2029 and $1.3 billion aggregate principal amount of 0% convertible senior notes due 2032 in a private placement, as detailed in the Ex. 99.1 press release. • Item 8.01: The Company also granted initial purchasers options to buy up to an additional $200.0 million of 2029 Notes and $200.0 million of 2032 Notes, and entered into privately negotiated capped call transactions. • Item 9.01: Exhibits include the press release dated August 5, 2025, announcing the pricing of the Notes, and the Inline XBRL cover page.
Why It Matters
This significant financing event, totaling $2.6 billion initially with options for an additional $400 million, provides substantial capital for Coinbase Global, Inc., impacting its financial structure and potential for future investments or operations.
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001679788
- Filing Date
- Wednesday, August 6, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive