Existing convertible notes exchanged for equity
Company: Nebius
The claim, verbatim
Exchanged $800 million aggregate principal amount of existing convertible notes ($400 million of 2029 Notes and $400 million of 2031 Notes) for approximately 15.8 million Class A ordinary shares
Source (primary)
nebius 8-K exhibit (tm2623863d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-08-30)Live source ↗
Quote: “entered into exchange agreements with a limited number of holders of the Company's 2.00% Convertible Senior Notes due 2029 and 3.00% Convertible Senior Notes due 2031 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”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The release describes exchange agreements covering $400 million of each of the two existing note series for about 15.8 million Class A shares, and it refers to holders who participated in those exchanges.
Confirmed in the source:
- Nebius Group entered into exchange agreements with holders of its existing 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031
- $400 million of the 2029 notes and $400 million of the 2031 notes, $800 million in total, were covered by the exchanges
- The notes were exchanged for approximately 15.8 million Class A ordinary shares
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex99-1.htm) in full (7,297 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2623863d1_ex99-1.htm)
Quote: “entered into exchange agreements with a limited number of holders of the Company's 2.00% Convertible Senior Notes due 2029 and 3.00% Convertible Senior Notes due 2031 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”