Exchanged $400M each of 2029 and 2031 notes for ~15.8M Class A shares
Company: Nebius
The claim, verbatim
Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes for roughly 15.8 million new Class A shares
Source (primary)
Nebius Group Falls 4% as $5B Convertible Settles, Datadog Drops 3%, Cloudflare Slips - Yahoo Finance (-, news_article)
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Quote: “Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes for roughly 15.8 million new Class A shares”
How we checked this
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Additional evidence
confirms Nebius Group Falls 4% as $5B Convertible Settles, Datadog Drops 3%, Cloudflare Slips - Yahoo Finance
Quote: “Nebius agreed to exchange $400 million each of its existing 2029 and 2031 convertible notes for roughly 15.8 million new Class A shares”