Convertible note exchange for equity
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
Source (primary)
Nebius Rises 4% Despite Adding $5.75B in Convertible Debt, Snapping a Six-Session Slide - Yahoo Finance (-, news_article)
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Quote: “Nebius entered privately negotiated exchange agreements with certain holders of its 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031, swapping $400 million of the 2029 notes and $400 million of the 2031 notes for approximately 15.8 million Class A ordinary shares”
How we checked this
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Additional evidence
confirms Nebius Rises 4% Despite Adding $5.75B in Convertible Debt, Snapping a Six-Session Slide - Yahoo Finance
Quote: “Nebius entered privately negotiated exchange agreements with certain holders of its 2.00% convertible notes due 2029 and 3.00% convertible notes due 2031, swapping $400 million of the 2029 notes and $400 million of the 2031 notes for approximately 15.8 million Class A ordinary shares”