Good news for NBIS. Conversion rates are based on the origin

principal, not the accreted value.

2031 Notes: Initial conversion rate of 5.4579 shares per $1,000 principal (approx. $183.22 per share), representing a 57.5% premium over the $116.33 closing price.
2033 Notes: Initial conversion rate of 5.5460 shares per $1,000 principal (approx. $180.31 per share), reflecting a 55.0% premium.
Settlement: Conversions may be settled in cash, shares, or a combination at the company's discretion.

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