Initial conversion rate 19.4363 shares per $1,000
Company: Nebius
The claim, verbatim
The notes are initially convertible at 19.4363 Class A ordinary shares per $1,000 original principal amount, subject to adjustment.
Source (primary)
nebius 8-K exhibit (tm2516825d1_ex99-5.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: ““ Conversion Rate ” initially means 19.4363 shares of Common Stock per $1,000 Original Principal Amount of Notes”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The indenture sets the initial Conversion Rate at 19.4363 shares of Common Stock per $1,000 Original Principal Amount, subject to adjustment under Article 5. It defines Common Stock as the company's Class A ordinary shares.
Confirmed in the source:
- The initial conversion rate is 19.4363 shares per $1,000 original principal amount of notes
- The shares issuable on conversion are Nebius Group's Class A ordinary shares
- The conversion rate is subject to adjustment
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_ex99-5.htm) in full (305,948 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2516825d1_ex99-5.htm)
Quote: ““ Conversion Rate ” initially means 19.4363 shares of Common Stock per $1,000 Original Principal Amount of Notes”
confirms nebius 8-K exhibit (tm2516825d1_ex99-4.htm)
Quote: ““ Conversion Rate ” initially means 19.4363 shares of Common Stock per $1,000 Original Principal Amount of Notes”