Convertible notes exchange for Class A shares
Company: Nebius
What the later record shows
Outcome not yet confirmed
The passages confirm that exchange agreements were signed. Even after August 24, they still describe the exchange in future tense, and none confirms that the share exchange settled.
“to exchange $400 million aggregate original principal amount of the 2029 Notes and $400 million aggregate original principal amount of the 2031 Notes for an aggregate of approximately 15.8 million of its Class A ordinary shares”
2026-08-23 · nebius 8-K exhibit (tm2623863d1_ex99-1.htm) View cached copy (2026-08-30)Live source ↗
“The company will exchange $400 million of its 2% convertible senior notes due 2029 and $400 million of its 3% convertible senior notes due 2031 for approximately 15.8 million Class A shares.”
2026-08-26 · Nebius Raises $5.75 Billion Through Convertible Notes To Fund AI Data Centers And GPU Expansion - Pulse 2.0 View cached copy (2026-09-02)Live source ↗Archive.org ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Nebius exchanged $400 million each of its existing 2029 and 2031 convertible notes for approximately 15.8 million new Class A shares
Source (primary)
Nebius Group Falls 4% as $5B Convertible Settles, Datadog Drops 3%, Cloudflare Slips - Yahoo Finance (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes for roughly 15.8 million new Class A shares”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The article says Nebius agreed to the exchange and that it was set to settle that day. It does not report that the exchange was completed, which is what the claim's past-tense 'exchanged' asserts.
Confirmed in the source:
- Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes
- The exchange was for roughly 15.8 million new Class A shares
- The exchange was scheduled to settle on the same date as the new convertible offering
We could not confirm this from the cited source:
- That the exchange of the 2029 and 2031 convertible notes was actually completed
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://finance.yahoo.com/markets/stocks/articles/nebius-group-falls-4-5b-174308454.html) in full (11,770 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Group Falls 4% as $5B Convertible Settles, Datadog Drops 3%, Cloudflare Slips - Yahoo Finance
Quote: “Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes for roughly 15.8 million new Class A shares”