Exchanged $800M of convertible debt for 15.8M Class A shares
Company: Nebius
The claim, verbatim
Entered exchange agreements swapping $400M of 2029 convertible notes and $400M 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 - 24/7 Wall St. (-, news_article)
View cached copy (2026-09-01)Live source ↗
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
Checked on September 15, 2026. The cited source supports every part of this claim.
The article describes exchange agreements covering $400 million each of the 2029 and 2031 notes, $800 million in total, in return for about 15.8 million Class A shares.
Confirmed in the source:
- Nebius entered privately negotiated exchange agreements with certain noteholders
- $400 million of the 2.00% convertible notes due 2029 were exchanged
- $400 million of the 3.00% convertible notes due 2031 were exchanged
- The notes were exchanged for approximately 15.8 million Class A ordinary shares
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/08/25/nebius-rises-4-despite-adding-5-75b-in-convertible-debt-snapping-a-six-session-slide/) in full (11,757 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Rises 4% Despite Adding $5.75B in Convertible Debt, Snapping a Six-Session Slide - 24/7 Wall St.
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”