Share repurchase no longer warranted
Company: Nebius
The claim, verbatim
The Board determined that a potential repurchase of Class A shares, previously authorized for up to 81 million shares at a maximum of $10.50, is no longer warranted. The Board will invest that capital in the core AI infrastructure business instead.
Source (primary)
nebius 8-K exhibit (tm2429858d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-24)Live source ↗
Quote: “the Board has determined that a potential repurchase by the Company of its Class A shares is no longer warranted”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms nebius 8-K exhibit (tm2429858d1_ex99-1.htm)
Quote: “the Board has determined that a potential repurchase by the Company of its Class A shares is no longer warranted”