Nebius Group (NBIS) said Monday that underwriters have exercised the option to purchase an additional approximately 1.6 million shares in an underwritten public offering of class A shares.

The additional shares are priced at $92.50 per share, brining the expected gross proceeds from the offering to around $1.15 billion, Nebius said.

Along with the proceeds of Nebius' offering of convertible notes due 2030 and 2032 completed last week, the total for both offerings is about $4.3 billion, the company said.

Shares were up 4.9% in recent trading.

Price: 104.18, Change: +4.87, Percent Change: +4.90