Nebius announces 25 million share ATM program, $3 billion Meta deal

Nebius Group (NASDAQ: NBIS) announced an at-the-market equity program for up to 25 million Class A shares, with plans to file a prospectus supplement on November 12, 2025.

The company stated it will evaluate the program regularly based on capital needs and described it as enabling access to equity funding on an ongoing basis while remaining dilution-sensitive as it prepares to finance growth opportunities.

Nebius also announced an agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over five years.

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