Anthropic’s seven co-founders will control 50.1% of the voting rights through a new entity called Founder LLC, allowing them to decide the outcome of shareholder votes for an indefinite period. This structure, which has no direct precedent among public companies, will limit the influence of institutional and individual investors and make it harder to replace management or sell shares at a premium. Anthropic nevertheless warns that its founders may hold interests that differ from those of shareholders. The company, which plans to list on Nasdaq under the ticker “ANT,” is also overseen by an independent body with the power to elect or remove the majority of its board.
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