Tl;dr: This shelf registration positions Coinbase to prospectively access the capital markets quickly and efficiently when needed or when market conditions are optimal.
Today we filed a shelf registration statement with the Securities and Exchange Commission (the “SEC”). This shelf registration statement is intended to be used for potential prospective offerings which may include the sale of new securities for general corporate purposes.
While we have no immediate plans to offer securities at this time, by filing the shelf registration statement now, we will be able to offer and sell securities in the future should we choose to do so. We have chosen to file it today with our Form 10-Q since it is our first quarterly SEC filing since satisfying the eligibility requirements to be classified as a well-known seasoned issuer.
We have taken a thoughtful approach to our capital structure over t ..
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