NVIDIA CORPORATION (NASDAQ:NVDA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
into an agreement (the Termination Agreement) with Goldman, Sachs
Co. (Goldman) to terminate certain of the outstanding warrants to
purchase shares of the Companys common stock (the Common Stock)
that were issued to Goldman to two letter agreements between the
Company and Goldman, one dated as of November 25, 2013 (the Base
Warrant Transaction), and the other dated as of November 26, 2013
(the Additional Warrant Transaction). to the terms of the
Termination Agreement, 63,259,180.62 warrants in aggregate will
be terminated. In consideration of the termination of these
warrants, 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 December 13, 2016 and
ending January 31, 2017. The shares of Common Stock issuable
under the 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.
10.1 and is incorporated herein by reference. The description of
the Termination Agreement contained in this Form 8-K is qualified
in its entirety by reference to the 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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Termination Agreement, dated as of December 12, 2016,
by and between NVIDIA Corporation and Goldman, Sachs Co. |
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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 up +5.09 at 96.26 with 9,694,874 shares trading hands.