NVIDIA Warns Shareholders About TRC Capital Offer
Date: 2025-02-10 Author: Gabriel Deangelo Categories: BUSINESS
NVIDIA has issued a statement in response to an unsolicited mini-tender offer from TRC Capital Investment Corporation. The company is offering to purchase up to 1,000,000 shares of NVIDIA common stock at a price of $131.50 per share. The offer, which has an expiration date of January 21, 2025, represents less than 0.01% of the company, according to NVIDIA Newsroom.
The closing of the transaction is subject to a number of conditions, including that NVIDIA’s stock price does not decline more than 5% from its January 21 price, unless TRC waives this requirement. The offer is scheduled to expire at midnight New York time on February 20, 2025. However, TRC reserves the right to extend or withdraw it earlier than the specified date.
NVIDIA emphasizes that it has no ties to TRC Capital and does not endorse their proposal. NVIDIA encourages its shareholders to rely on current market prices, consult with financial advisors, and exercise caution before making decisions about selling shares in this offer.
A mini-tender offer is an offer to purchase less than 5% of the company's shares. As such, it is not subject to the strict disclosure requirements and procedural rules established by the U.S. Securities and Exchange Commission (SEC) for larger tender offers. The SEC publishes investor guidance on such offers, which can be found on their official website.
NVIDIA also insisted on including this statement in all informational materials related to TRC Capital's mini-tender offer so that shareholders have a full understanding of the details and potential implications of the transaction.
