Exchange of $800 million existing convertible notes for Class A shares
Company: Nebius
The claim, verbatim
Nebius entered into exchange agreements to exchange $800 million aggregate original principal amount of existing convertible notes for approximately 15.8 million Class A ordinary shares, with settlement expected around August 24, 2026
Source (primary)
Nebius Group announces pricing of upsized private offering of $5.0 billion of convertible senior notes - Yahoo Finance (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company entered into exchange agreements with a limited number of holders of the Company's 2.00% Convertible Senior Notes due 2029 (the "2029 Notes") and 3.00% Convertible Senior Notes due 2031 (the "2031 Notes" and, together with the 2029 Notes, the "Existing Notes"), pursuant to which the Company will 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”
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Additional evidence
confirms Nebius Group announces pricing of upsized private offering of $5.0 billion of convertible senior notes - Yahoo Finance
Quote: “the Company entered into exchange agreements with a limited number of holders of the Company's 2.00% Convertible Senior Notes due 2029 (the "2029 Notes") and 3.00% Convertible Senior Notes due 2031 (the "2031 Notes" and, together with the 2029 Notes, the "Existing Notes"), pursuant to which the Company will 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”