Intel completes $5 billion stock sale to NVIDIA

Intel Corporation completed the sale of 214.8 million shares to NVIDIA Corporation for $5 billion on December 26, according to a company statement. The transaction involved common stock priced at $23.28 per share.

The stock sale was conducted through a private placement under a Securities Purchase Agreement dated September 15. Intel (NASDAQ: INTC) previously disclosed the agreement in a Form 8-K filing with the Securities and Exchange Commission on September 18.

The transaction was structured as a private placement exempt from public offering requirements under Section 4(a)(2) of the Securities Act of 1933. The shares carry a par value of $0.001 each.

Intel received $5 billion in cash from the stock issuance to NVIDIA. The completion of this transaction represents the fulfillment of the agreement reached between the two semiconductor companies in September.

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