Nebius Group (NBIS) has released an update.
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Nebius Group N.V., previously known as Yandex N.V., is in the process of delivering approximately 2.5 million Class A shares to former noteholders in connection with its 0.75% Convertible Notes due 2025. The company has extended the deadline for former noteholders to submit Permitted Issuance Instructions until November 15, 2024, emphasizing the importance of timely coordination. This development marks a significant step for Nebius in managing its convertible notes obligations.
For further insights into NBIS stock, check out TipRanks’ Stock Analysis page.
