NVIDIA Cautions Shareholders on TRC Capital’s Mini-Tender Offer

NVIDIA
has
responded
to
an
unsolicited
mini-tender
offer
from
TRC
Capital
Investment
Corporation,
which
seeks
to
purchase
up
to
1,000,000
shares
of
NVIDIA’s
common
stock
at
a
price
of
$131.50
per
share.
This
offer,
dated
January
21,
2025,
represents
less
than
0.01%
of
NVIDIA’s
outstanding
common
stock,
according
to

NVIDIA
Newsroom.

Details
of
the
Offer

The
closing
of
TRC’s
offer
is
contingent
upon
several
conditions,
including
that
NVIDIA’s
stock
price
does
not
decrease
by
more
than
5%
from
its
January
21
closing
price,
unless
this
condition
is
waived
by
TRC.
The
offer
is
set
to
expire
at
midnight,
New
York
City
time,
on
February
20,
2025,
though
TRC
reserves
the
right
to
extend
or
terminate
the
offer
before
this
date.

NVIDIA’s
Position

NVIDIA
has
made
it
clear
that
it
is
not
affiliated
with
TRC
Capital
and
does
not
endorse
the
offer
documentation
or
the
offer
itself.
The
company
maintains
a
neutral
stance
on
the
proposal
and
advises
its
shareholders
to
seek
current
market
quotations
for
their
shares,
consult
with
financial
advisors,
and
exercise
caution
regarding
TRC’s
offer.

Understanding
Mini-Tender
Offers

A
mini-tender
offer
is
defined
as
a
bid
for
less
than
5%
of
a
company’s
shares,
which
exempts
it
from
the
disclosure
and
procedural
requirements
mandated
by
the
U.S.
Securities
and
Exchange
Commission
(SEC)
for
larger
tenders.
The
SEC
provides
guidance
to
investors
on
such
offers,
which
can
be
accessed
on
their
official
site.

NVIDIA
has
requested
that
this
news
release
be
included
with
all
distributions
of
materials
related
to
TRC’s
mini-tender
offer,
ensuring
that
shareholders
are
well-informed
about
the
nature
and
implications
of
the
proposal.

Image
source:
Shutterstock