- TRC Capital’s Mini-Tender Offer – TRC Capital seeks to buy 1,000,000 NVIDIA shares at $131.50 each, less than 0.01% of outstanding stock.
- Offer Conditions – TRC’s offer depends on NVIDIA’s stock not dropping more than 5% from its January 21, 2025, closing price.
- Expiration Date – The offer expires at midnight (NYC time) on February 20, 2025, but TRC can extend or cancel it.
- NVIDIA’s Response – NVIDIA is not affiliated with TRC and does not endorse or support the offer.
- Shareholder Caution – NVIDIA urges shareholders to check market prices, consult advisors, and be cautious.
- Definition of Mini-Tender Offers – These involve buying less than 5% of a company’s shares, bypassing SEC disclosure rules.
- SEC Warnings – The SEC provides guidance on mini-tender offers due to potential risks for investors.
- NVIDIA’s Transparency Effort – NVIDIA wants its news release included in all materials related to TRC’s offer.
- Investor Risk Awareness – Mini-tender offers often present less favorable terms than market prices, warranting scrutiny.
- NVIDIA’s Neutral Stance – While not endorsing or opposing the offer, NVIDIA ensures shareholders have complete information.
