NVIDIA today announced that it recently became aware of an unsolicited 'mini-tender' offer by
The offer price of
NVIDIA cautions stockholders that Tutanota has stated it expects to extend the offer for successive periods of 45 to 180 days, in which case payment would be delayed beyond the scheduled expiration date of
NVIDIA recommends that stockholders do not tender their shares in response to Tutanota's offer because the offer requires that the closing price per share of NVIDIA's common stock exceed the offer price, and the offer is subject to numerous additional conditions, including Tutanota obtaining financing for the offer. Stockholders who have already tendered their shares may withdraw them at any time by providing notice in accordance with the Tutanota offering documents prior to the expiration of the offer, which is currently scheduled for
NVIDIA does not endorse Tutanota's unsolicited mini-tender offer and is not associated in any way with Tutanota, its mini-tender offer or its mini-tender offer documents.
A mini-tender offer is an offer that would result in the bidder holding not more than 5% of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the
The
NVIDIA encourages brokers and dealers, as well as other market participants, to review the
NVIDIA requests that a copy of this news release be included with all distributions of materials related to Tutanota's mini-tender offer related to NVIDIA's common stock.
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About NVIDIA
NVIDIA's (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company's pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/.
NVIDIA's business is subject to risks and uncertainties, including, but not limited to, the impact of global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the
2022
Corporate Communications
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