Exchange of existing convertible notes for Class A shares
Company: Nebius
The claim, verbatim
Nebius exchanged $400 million of 2029 convertible notes and $400 million of 2031 convertible notes for approximately 15.8 million Class A ordinary shares, expected to settle on or about August 24, 2026
Source (primary)
nebius 8-K exhibit (tm2623617d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
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... and 3.00% Convertible Senior Notes due 2031... 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... The exchange transactions are expected to settle on or about August 24, 2026”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms nebius 8-K exhibit (tm2623617d1_ex99-1.htm)
Quote: “the Company 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... 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... The exchange transactions are expected to settle on or about August 24, 2026”