NVIDIA announces an unsolicited mini-tender offer from TRC for 1 million shares at $131.50 each, less than 0.01% of stock.
Quiver AI Summary
NVIDIA has announced that it has received an unsolicited mini-tender offer from TRC Capital Investment Corporation, dated January 21, 2025, to buy up to 1,000,000 shares of its common stock at $131.50 per share, which accounts for less than 0.01% of NVIDIA's outstanding shares. The offer is subject to conditions, including that NVIDIA's stock price does not decrease by more than 5% from January 21. Scheduled to expire on February 20, 2025, the offer may be extended or terminated by TRC at any time. NVIDIA clarifies that it is not affiliated with TRC and does not endorse the offer, urging shareholders to consult financial advisors and to exercise caution. The company emphasizes that mini-tender offers are not regulated as strictly as larger ones by the SEC.
Potential Positives
- NVIDIA clearly communicates its stance on the unsolicited mini-tender offer, indicating neutrality and encouraging shareholders to seek financial advice.
- The press release helps protect shareholders by informing them about the potential risks associated with mini-tender offers and encouraging caution.
- The company reiterates its status as a leader in accelerated computing, reinforcing its position in the market.
- NVIDIA's request for inclusion of the press release in distributions related to the mini-tender offer demonstrates a proactive approach to shareholder communication.
Potential Negatives
- NVIDIA is facing a mini-tender offer, which is often viewed as a red flag for investors due to the lack of regulatory oversight associated with such offers.
- The unsolicited nature of TRC's offer may indicate potential undervaluation perceptions in the market, raising concerns among shareholders about the company's stock price stability.
- NVIDIA's neutral stance on the offer could reflect uncertainty about its own stock value and investor confidence, which may lead to speculation and volatility in the market.
FAQ
What is the mini-tender offer from TRC Capital for NVIDIA shares?
TRC Capital seeks to purchase 1,000,000 shares of NVIDIA at $131.50 per share, representing less than 0.01% of its outstanding stock.
When does TRC's mini-tender offer expire?
The offer is scheduled to expire on February 20, 2025, at 11:59 p.m. New York City time.
Does NVIDIA support TRC's mini-tender offer?
NVIDIA is not affiliated with TRC and does not endorse the offer; the company maintains a neutral position.
What should shareholders consider regarding the mini-tender offer?
Shareholders are encouraged to consult with brokers or financial advisors and review current market quotations for NVIDIA stock.
What is a mini-tender offer?
A mini-tender offer is for less than 5% of a company's shares and is not subject to SEC disclosure requirements for larger offers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NVDA Congressional Stock Trading
Members of Congress have traded $NVDA stock 26 times in the past 6 months. Of those trades, 13 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $NVDA stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 6 times. They made 6 purchases worth up to $90,000 on 01/21, 01/08, 12/24, 11/25, 09/03, 08/21 and 0 sales.
- SENATOR SHELDON WHITEHOUSE sold up to $50,000 on 01/06.
- REPRESENTATIVE JAMES COMER purchased up to $15,000 on 01/02.
- REPRESENTATIVE NANCY PELOSI has traded it 2 times. They made 1 purchase worth up to $1,000,000 on 12/20 and 1 sale worth up to $5,000,000 on 12/31.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 12/19, 11/12, 10/17.
- REPRESENTATIVE MORGAN MCGARVEY has traded it 5 times. They made 0 purchases and 5 sales worth up to $110,000 on 11/13.
- REPRESENTATIVE JARED MOSKOWITZ purchased up to $15,000 on 11/08.
- REPRESENTATIVE PETE SESSIONS has traded it 3 times. They made 3 purchases worth up to $45,000 on 11/01, 09/16, 09/10 and 0 sales.
- REPRESENTATIVE THOMAS R. SUOZZI has traded it 3 times. They made 1 purchase worth up to $50,000 on 10/24 and 2 sales worth up to $65,000 on 10/24, 10/02.
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$NVDA Insider Trading Activity
$NVDA insiders have traded $NVDA stock on the open market 134 times in the past 6 months. Of those trades, 0 have been purchases and 134 have been sales.
Here’s a breakdown of recent trading of $NVDA stock by insiders over the last 6 months:
- TENCH COXE has made 0 purchases and 6 sales selling 3,000,000 shares for an estimated $367,004,958.
- JEN HSUN HUANG (President and CEO) has made 0 purchases and 98 sales selling 1,680,000 shares for an estimated $183,215,049.
- MARK A STEVENS has made 0 purchases and 4 sales selling 485,100 shares for an estimated $60,690,313.
- COLETTE KRESS (EVP & Chief Financial Officer) has made 0 purchases and 10 sales selling 133,340 shares for an estimated $16,800,169.
- AJAY K PURI (EVP, Worldwide Field Ops) has made 0 purchases and 6 sales selling 36,695 shares for an estimated $5,544,783.
- DONALD F JR ROBERTSON (Principal Accounting Officer) has made 0 purchases and 9 sales selling 9,000 shares for an estimated $1,133,068.
- JOHN DABIRI sold 716 shares for an estimated $101,672
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NVDA Hedge Fund Activity
We have seen 2,317 institutional investors add shares of $NVDA stock to their portfolio, and 1,940 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GQG PARTNERS LLC removed 64,596,211 shares (-85.4%) from their portfolio in Q3 2024, for an estimated $7,844,563,863
- FMR LLC removed 46,189,661 shares (-4.4%) from their portfolio in Q3 2024, for an estimated $5,609,272,431
- BANK OF AMERICA CORP /DE/ added 39,169,586 shares (+19.0%) to their portfolio in Q3 2024, for an estimated $4,756,754,523
- PRICE T ROWE ASSOCIATES INC /MD/ removed 36,974,039 shares (-8.3%) from their portfolio in Q3 2024, for an estimated $4,490,127,296
- STATE STREET CORP removed 35,750,704 shares (-3.6%) from their portfolio in Q3 2024, for an estimated $4,341,565,493
- LEGAL & GENERAL GROUP PLC added 28,923,318 shares (+13.6%) to their portfolio in Q3 2024, for an estimated $3,512,447,737
- APG ASSET MANAGEMENT N.V. removed 18,694,639 shares (-85.8%) from their portfolio in Q3 2024, for an estimated $2,270,276,960
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SANTA CLARA, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- NVIDIA has received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC) dated January 21, 2025, to purchase up to 1,000,000 shares of NVIDIA’s common stock at a price of $131.50 per share in cash. The offer represents less than 0.01% of NVIDIA’s outstanding common stock.
The closing of TRC’s offer is conditioned on, among other things, the trading price per share of NVIDIA’s common stock not decreasing more than 5% from the closing price per share on January 21, 2025, unless waived by TRC prior to expiration of the offer.
TRC’s offer is currently scheduled to expire one minute after 11:59 p.m., New York City time, on February 20, 2025. TRC may extend the offer, or terminate it, before the expiration date.
NVIDIA is not affiliated with TRC and does not endorse the offer documentation or the offer itself. NVIDIA expresses no opinion and is neutral on TRC’s offer and encourages shareholders to obtain current market quotations for their shares of NVIDIA common stock, consult with their brokers or financial advisors, and exercise caution with respect to TRC’s offer.
A mini-tender offer is an offer for less than 5% of a company’s shares. It is not subject to the disclosure and procedural requirements required by the U.S. Securities and Exchange Commission (SEC) for larger tender offers. The SEC’s guidance to investors on mini-tender offers is available at https://www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html .
NVIDIA requests that a copy of this news release be included with all distributions of materials relating to TRC’s mini-tender offer.
About NVIDIA
NVIDIA
(NASDAQ: NVDA) is the world leader in accelerated computing.
Stewart Stecker
Investor Relations
[email protected]
Mylene Mangalindan
Corporate Communications
[email protected]
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