NVIDIA CORPORATION (NASDAQ:NVDA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
agreement (the Second Termination Agreement) with Goldman Sachs
Co. LLC (Goldman) to terminate the remaining 11,503,866
outstanding warrants (the Remaining Warrants) to purchase shares
of the Companys common stock (the Common Stock) that were issued
to Goldman to the letter agreement between the Company and
Goldman, dated as of November 25, 2013.
the Company will deliver shares of Common Stock to Goldman, the
amount of which will be determined each day based on the daily
volume-weighted average price of the Common Stock during an
observation period beginning June 5, 2017 and ending June 30,
2017. The shares of Common Stock issuable under the Second
Termination Agreement are being issued in reliance on the
exemption from registration provided by Section 4(a)(2) of the
Securities Act of 1933, as amended.
Exhibit 10.1 and is incorporated herein by reference. The
description of the Second Termination Agreement contained in this
Form 8-K is qualified in its entirety by reference to the Second
Termination Agreement.
of this Form 8-K and is incorporated herein by reference.
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Exhibit No.
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Description
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10.1
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Second Termination Agreement, dated as of June 2, 2017,
by and between NVIDIA Corporation and Goldman Sachs Co. LLC |
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About NVIDIA CORPORATION (NASDAQ:NVDA)
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD. Tegra is also sold to original equipment manufacturers (OEMs) for devices. DRIVE automotive computers provide supercomputing capabilities to make driving safer. SHIELD consists of a family of devices designed to harness the power of mobile-cloud to revolutionize gaming. NVIDIA CORPORATION (NASDAQ:NVDA) Recent Trading Information
NVIDIA CORPORATION (NASDAQ:NVDA) closed its last trading session down -0.72 at 143.64 with 12,186,434 shares trading hands.