Coinbase information shelf registration assertion with the SEC | by Coinbase | Might, 2022

Tl;dr: This shelf registration positions Coinbase to prospectively entry the capital markets shortly and effectively when wanted or when market situations are optimum.

In the present day we filed a shelf registration assertion with the Securities and Trade Fee (the “SEC”). This shelf registration assertion is meant for use for potential potential choices which can embrace the sale of recent securities for normal company functions.

Whereas we now have no quick plans to supply securities at the moment, by submitting the shelf registration assertion now, we can supply and promote securities sooner or later ought to we select to take action. We’ve got chosen to file it at present with our Kind 10-Q since it’s our first quarterly SEC submitting since satisfying the eligibility necessities to be categorized as a well known seasoned issuer.

We’ve got taken a considerate strategy to our capital construction over time. Our purpose has been, and stays, to lift capital on the lowest value doable to our stockholders. We anticipate that this shelf registration assertion will allow us to difficulty securities in a a lot shorter time-frame, doubtlessly in a matter of days, which can allow us to higher time the market and reap the benefits of volatility or quick home windows of favorable market situations ought to we select to take action.

In closing, we consider this shelf registration assertion is a crucial software that enhances flexibility and higher permits Coinbase to prospectively entry the capital markets shortly and effectively when wanted or when market situations are optimum.

Cautionary Assertion Relating to Ahead-Trying Statements

This weblog put up comprises “forward-looking statements” together with, amongst different issues, statements referring to potential future securities choices by Coinbase; the anticipated timing and motive for any such providing; and the anticipated advantages to Coinbase and its stockholders from the submitting and future use of the shelf registration assertion. Statements containing phrases resembling “may,” “consider,” “anticipate,” “intend,” “will,” or related expressions represent forward-looking statements. These forward-looking statements are made pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These statements contain dangers and uncertainties that would trigger precise outcomes to vary materially, together with, however not restricted to, whether or not any securities are provided pursuant to the shelf registration assertion; prevailing market situations throughout the cryptoeconomy; and the impression of normal financial, trade or political situations in the US or internationally. For details about different potential components that would trigger precise outcomes or occasions to vary materially from these described herein, please evaluate the “Threat Components” included in Coinbase’s Registration Assertion on Kind S-3 filed with the SEC on Might 10, 2022, in addition to its Quarterly Report on Kind 10-Q for the quarterly interval ended March 31, 2022 and different SEC filings. Besides as could also be required by legislation, Coinbase undertakes no obligation, and doesn’t intend, to replace these forward-looking statements after the date of this communication.

This weblog put up is neither a suggestion to promote nor a solicitation of a suggestion to purchase any Coinbase safety that could be issued or bought pursuant to the shelf registration assertion and shall not represent a suggestion, solicitation, or sale in any jurisdiction by which such supply, solicitation, or sale is illegal.

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