Singer said the group's former manager "took all of our money."
They are among the presenters who will help introduce the more than 45 artists heralding Nelson's milestone birthday this weekend.
The show will also be free to stream live globally.
The trek follows her history-making album, which debuted at No. 1 on the Billboard 200.
The singer and rapper will receive the Agent of Change award at the Billboard Latin Women In Music gala.
These superstars have never closed out a night of Coachella… but next year could be their year.
The collection is due out this summer.
Suede signed to Atlantic Records in 2021 and released his most recent album Parkside Baby in September.
The rapper serves as a spokesperson for Power to the Patients, which advocates for health care billing transparency.
State Farm Arena was double-booked for Thursday night.
