$800 million debt-to-equity exchange
Company: Nebius
The claim, verbatim
Exchanged $800 million of older convertible notes for approximately 15.8 million Class A shares
Source (primary)
Palantir Made Nebius Its Preferred Sovereign-AI Partner. The Deal Has No Revenue Number - TechStock² (-, news_article)
View cached copy (2026-09-19)Live source ↗
Quote: “it exchanged $800 million of older notes for about 15.8 million Class A shares”
How we checked this
Checked on September 24, 2026. The cited source supports part of this claim, but not all of it.
The article confirms an exchange of $800 million of older notes for about 15.8 million Class A shares, but calls them only 'older notes' and does not say they were convertible.
Confirmed in the source:
- Nebius exchanged $800 million of older notes
- The exchange was for about 15.8 million Class A shares
We could not confirm this from the cited source:
- The $800 million of older notes exchanged by Nebius were convertible notes
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://ts2.tech/en/palantir-made-nebius-its-preferred-sovereign-ai-partner-the-deal-has-no-revenue-number/) in full (7,729 characters, retrieved September 19, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Palantir Made Nebius Its Preferred Sovereign-AI Partner. The Deal Has No Revenue Number - TechStock²
Quote: “it exchanged $800 million of older notes for about 15.8 million Class A shares”