Exchange of existing convertible debt for Class A shares
Company: Nebius
The claim, verbatim
Expects to enter into exchange agreements with holders of portions of existing 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031, exchanging portions for Class A shares
Source (primary)
NBIS Stock Falls After Announcing Its Third Multi-Billion Dollar Convertible Notes Sale in Under a Year - Yahoo Finance (-, news_article)
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Quote: “Nebius said it expects to enter into privately negotiated exchange agreements with holders of portions of its existing 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031. Under these agreements, Nebius would exchange portions of the existing debt for Class A shares.”
How we checked this
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Additional evidence
confirms NBIS Stock Falls After Announcing Its Third Multi-Billion Dollar Convertible Notes Sale in Under a Year - Yahoo Finance
Quote: “Nebius said it expects to enter into privately negotiated exchange agreements with holders of portions of its existing 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031. Under these agreements, Nebius would exchange portions of the existing debt for Class A shares.”