Authorization to issue up to 20% additional Class A shares
Company: Nebius
What the later record shows
Delivered on time · happened August 21, 2025
The AGM results show Item 15, the five-year 20% Class A issuance designation, passed by a large majority on August 21, 2025. The vote counts are given, but the passage does not say 'approved' in words. The item on excluding pre-emptive rights is cut off in the passage.
“for a period of five years from the AGM Date Number of Votes For Number of Votes Against Number of Votes Abstained 399,060,809 14,801,824 2,100,049”
2025-08-21 · nebius 8-K exhibit (tm2524116d1_ex99-1.htm) View cached copy (2026-10-05)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Board seeks a five-year designation to issue and/or grant rights to subscribe for Class A shares up to an additional 20% of issued share capital (excluding Class C), with authority to exclude pre-emptive rights.
Source (primary)
nebius 8-K exhibit (tm2521636d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-09)Live source ↗
Quote: “to issue and/or grant rights to subscribe for 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 date of the Annual General Meeting”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
Agenda items 15 and 16 seek a five-year authority to issue Class A shares up to an additional 20% of issued capital (excluding Class C) and to exclude pre-emptive rights.
Confirmed in the source:
- The Board seeks designation to issue and/or grant rights to subscribe for Class A shares
- The designation covers up to an additional 20% of issued share capital, excluding Class C shares
- The designation lasts five years from the AGM date
- The Board also seeks a five-year designation to exclude pre-emptive rights on such issuances
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925070330/tm2521636d1_ex99-1.htm) in full (34,001 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2521636d1_ex99-1.htm)
Quote: “to issue and/or grant rights to subscribe for 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 date of the Annual General Meeting”
confirms nebius 8-K exhibit (tm2524116d1_ex99-1.htm)
Quote: “for a period of five years from the AGM Date Number of Votes For Number of Votes Against Number of Votes Abstained 399,060,809 14,801,824 2,100,049”