Nebius Group exchanges $800 million of convertible notes for 15.8 million unregistered Class A shares

NBIS•2026-08-24

Convertible note exchanges

Nebius Group exchanged $400 million of 2.00% Convertible Senior Notes due 2029 for about 15,800,000 Class A shares in privately negotiated deals.

A separate exchange swapped $400 million of 3.00% Convertible Senior Notes due 2031 for Class A shares.

Shares delivered in the exchanges were not registered under the Securities Act.

Participating holders may sell the shares or adjust hedges, creating potential pressure on the stock price.

Sources

Nebius Group exchanges $800 million of convertible notes for 15.8 million unregistered Class A shares

Publicnow

Nebius Group exchanges $800 million of convertible notes for 15.8 million unregistered Class A shares

Convertible note exchanges

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Sources

Nebius Group exchanges $800 million of convertible notes for 15.8 million unregistered Class A shares

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