Nebius Loses $4.3 Billion in Market Value as Convertible Offering Fuels Dilution Fears

Nebius Group shares fell sharply Wednesday after the AI infrastructure company proposed another multibillion dollar convertible note offering, raising concerns about future dilution, additional debt and hedge related selling. NBIS dropped 6.35% to approximately $232.66 shortly after the Nasdaq opened, down from Tuesday’s $248.43 close.

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