On August 24, NEBIUS fell 5.34% in regular trading, trading at approximately $208.04/share, with turnover of $3.85 billion. The decline extends a selloff triggered by the company's August 19 announcement of a proposed $4.5 billion convertible senior notes offering.

The offering is structured in two series: $2.75 billion due 2030 and $1.75 billion due 2034, with an additional overallotment option of up to $675 million. The total offering size was subsequently expanded to $5 billion. Net proceeds are earmarked for data center construction to support the company's AI infrastructure buildout. The massive convertible debt issuance has sparked persistent equity dilution fears, with shares now having pulled back approximately 14% from pre-announcement levels. A brief technical rebound on August 21 failed to hold, and selling pressure has resumed.

Options market activity reinforces the defensive tone. On August 22, a $1.04 million out-of-the-money put purchase targeting the October 170 strike appeared, following an earlier $11.75 million deep out-of-the-money put buy on August 21, signaling institutional hedging activity remains elevated.

(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.)