On August 26, NEBIUS declined 3.25% in regular trading, trading at $215.33 per share, with turnover of $573 million. The stock retreated as equity dilution fears tied to its massive convertible debt offering reasserted pressure on the shares.

The company officially completed its $5.75 billion convertible senior notes private offering on August 25, with initial buyers exercising overallotment options in full. The two-tranche structure includes $3.45 billion in 2030 notes at approximately 40% conversion premium and $2.3 billion in 2034 notes at approximately 45% conversion premium, with net proceeds earmarked for data center construction, GPU procurement, and AI cloud platform development.

While the prior session saw a 3%+ rebound fueled by Nvidia announcing its Groq 3 LPX rack-scale systems would be deployed at Nebius data centers, the potential dilution overhang from the convertible notes continued to weigh on sentiment. Options market activity reinforced the cautious tone, with a notable $1.41 million sell of October 300-strike calls signaling skepticism toward further upside.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)