Exchange of $800M old notes for 15.8M shares
Company: Nebius
The claim, verbatim
Nebius agreed to exchange $400 million of 2% notes due 2029 and $400 million of 3% notes due 2031 with a limited group of holders for 15.8 million Class A shares.
Source (primary)
Nebius Drops 4%, Cloudflare Falls 3%, Snowflake Slips: Are Financing Concerns Sinking AI-Cloud Stocks? - 24/7 Wall St. (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Nebius Group agreed to exchange $400 million of 2% notes due 2029 and $400 million of 3% notes due 2031 with a limited group of holders, who will receive 15.8 million Class A shares.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states these exchange terms exactly as claimed.
Confirmed in the source:
- Nebius agreed to exchange $400 million of 2% notes due 2029
- Nebius agreed to exchange $400 million of 3% notes due 2031
- The exchange was with a limited group of holders
- The holders will receive 15.8 million Class A shares
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/08/20/nebius-drops-4-cloudflare-falls-3-snowflake-slips-are-financing-concerns-sinking-ai-cloud-stocks/) in full (11,692 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Drops 4%, Cloudflare Falls 3%, Snowflake Slips: Are Financing Concerns Sinking AI-Cloud Stocks? - 24/7 Wall St.
Quote: “Nebius Group agreed to exchange $400 million of 2% notes due 2029 and $400 million of 3% notes due 2031 with a limited group of holders, who will receive 15.8 million Class A shares.”