Intended use of proceeds from convertible notes offering
Company: Nebius
The claim, verbatim
Nebius intends to use net proceeds from the convertible notes offering to finance continuing business growth, including data center construction and build-out, investments in full-stack AI cloud development, expansion of its data center footprint, and procurement of GPUs and key components
Source (primary)
nebius 8-K exhibit (tm268409d2_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company intends to use the net proceeds from the offering of the Notes to finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document lists each stated use of proceeds as claimed.
Confirmed in the source:
- Nebius intends to use net proceeds to finance continuing business growth
- Uses include data center construction and build-out
- Uses include investments in full-stack AI cloud development
- Uses include expansion of its data center footprint
- Uses include procurement of GPUs and key components
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465926029074/tm268409d2_ex99-1.htm) in full (9,858 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm268409d2_ex99-1.htm)
Quote: “The Company intends to use the net proceeds from the offering of the Notes to finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes”