On August 24, NEBIUS fell 3.79% in pre-market trading, trading at $210.75/share, with turnover of $14.25 million. The stock remains under sustained selling pressure following the announcement of a massive convertible debt offering.

On August 19, Nebius Group announced plans to issue $4.5 billion in convertible senior notes via private placement to qualified institutional buyers, later expanded to $5 billion. The offering is split into two series: $2.75 billion due 2030 and $1.75 billion due 2034, with an additional $675 million overallotment option. Net proceeds are earmarked for data center construction and AI cloud development. The large-scale issuance has triggered persistent equity dilution fears, with shares having already retreated approximately 14% since the announcement. A brief technical rebound last week failed to sustain momentum.

Adding to bearish sentiment, the options market continues to signal defensive positioning. On August 22, a $1.04 million far-dated out-of-the-money PUT order at a $170 strike emerged, reflecting ongoing institutional hedging activity. Earlier, on August 21, a $11.75 million deep out-of-the-money PUT purchase further underscored concentrated bearish bets on the stock.

(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.)