Old notes exchanged for shares
Company: Nebius
The claim, verbatim
Alongside the convertible offering, holders exchanged $800 million of older notes for about 15.8 million shares.
Source (primary)
Why Nebius Took a One-Year Loan to Build for Five-Year Contracts - Global Data Center Hub (-, news_article)
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Quote: “holders exchanged $800 million of older notes for about 15.8 million shares”
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Additional evidence
confirms Why Nebius Took a One-Year Loan to Build for Five-Year Contracts - Global Data Center Hub
Quote: “holders exchanged $800 million of older notes for about 15.8 million shares”