---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-058263"
form_type: "8-K"
ticker: "NUVB"
cik: "0001811063"
company_name: "Nuvation Bio Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:48:36.608531+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nuvation Bio files Delaware court petition to validate share increase amendments after Boxed ruling

## Summary
- Filed petition in Delaware Court of Chancery under Section 205 of DGCL to validate charter amendment increasing authorized shares of Class A from 500M to 1B and Class B from 20M to 60M.
- Petition follows December 2022 Boxed ruling that created uncertainty about whether separate class votes were required for share increases by SPACs.
- Hearing set for March 14, 2023; company warns failure to validate could materially impact ability to timely file 2022 Form 10-K.
- Company states that majority of all common stock voted in favor, and that Class A holders actually provided majority support even without separate vote.
- If validation is not granted, uncertainty could affect validity of shares issued since February 2021 and ongoing operational matters like ESPP.

## SEC filing metadata
- accession: 0001193125-23-058263
- form_type: 8-K
- ticker: NUVB
- cik: 0001811063
- company_name: Nuvation Bio Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811063/000119312523058263/0001193125-23-058263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811063/000119312523058263/d477803d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-058263
- JSON: https://secwatch.observer/filing/0001193125-23-058263.json
- Plain text: https://secwatch.observer/filing/0001193125-23-058263.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.