NVIDIA to make USD 1.0 billion equity investment in Nokia

Inside Information: NVIDIA to make USD 1.0 billion equity investment in Nokia in addition to new strategic partnership – Nokia’s Board resolved on directed share issuance to NVIDIA

• NVIDIA to invest USD 1.0 billion (EUR 0.86 billion) in new Nokia shares at a purchase price of USD 6.01 (EUR 5.16) per share
• Investment comes in addition to strategic partnership to shape and lead the AI-RAN market and support evolution of data center networking
• Nokia will use the proceeds from the issuance to accelerate its strategic plans to advance trusted connectivity for the AI supercycle and other general corporate purposes
• Nokia’s press and investor conference call to be held at 3:30pm EST, 7:30pm GMT, 9:30pm EET 

Espoo, Finland – The Board of Directors of Nokia Corporation (“Nokia”) has resolved to issue 166 389 351 new shares in a directed share issuance to enable NVIDIA Corporation (“NVIDIA”) to make a USD 1.0 billion equity investment in Nokia. Subject to certain customary closing conditions, NVIDIA will subscribe for the shares at a subscription price of USD 6.01 per share. The transaction will see NVIDIA become a 2.90% shareholder of Nokia.

Full press release