🔴 NUVB is trading 5% down today as investors digest an upsized $250M convertible notes offering

NUVB is trading at $5.39 (5% down) as the market continues to react to the company's recent $250 million 0.75% convertible senior notes offering due 2032.

• The offering was upsized to $250 million from an original target of $200 million following its announcement on June 25, 2026.
• Shares remain under pressure as investors weigh the impact of potential equity dilution and the specific financing terms of the debt issuance.
• The downward trend persists from the initial pricing session, where the stock fell sharply on the news.