Board authorized to issue up to 20% additional Class A shares for five years
Company: Nebius
The claim, verbatim
Shareholders designated the Board as the competent body to issue Class A shares up to an additional 20% of issued share capital (excluding Class C shares) for five years from the AGM date.
Source (primary)
nebius 8-K exhibit (tm2524116d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-05)Live source ↗
Quote: “Designation of the Board of Directors as the competent body to issue from time to time Class A Shares up to an additional 20% of the issued share capital (excluding Class C Shares) of the Company for a period of five years from the AGM Date”
How we checked this
Checked on October 6, 2026. The cited source supports every part of this claim.
Item 15 describes exactly this share issuance authority, and the release states all resolutions were adopted.
Confirmed in the source:
- Shareholders adopted a resolution designating the Board as the competent body to issue Class A shares
- The issuance authority covers up to an additional 20% of issued share capital, excluding Class C shares
- The authority runs for five years from the AGM date
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925081649/tm2524116d1_ex99-1.htm) in full (4,902 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2524116d1_ex99-1.htm)
Quote: “Designation of the Board of Directors as the competent body to issue from time to time Class A Shares up to an additional 20% of the issued share capital (excluding Class C Shares) of the Company for a period of five years from the AGM Date”