NVIDIA to invest $1 billion in Nokia, company to use proceeds to fund AI plans
Subject to certain customary closing conditions, NVIDIA will subscribe for new Nokia shares at a price of USD 6.01 (EUR 5.16) per share. This equates to an effective capital contribution to Nokia of approximately USD 1.0 billion (EUR 0.86 billion).
All amounts denominated in USD have been converted into EUR using the USD/EUR exchange reference rate published by the European Central Bank on 27 October 2025, which was 0.8591 (USD 1 = EUR 0.8591). The subscription price will be recorded in Nokia’s reserve for invested unrestricted equity.
This directed share issuance is an essential part of the strategic partnership between Nokia and NVIDIA. The subscription price was determined through negotiations between the two companies. In addition to its own evaluation of the strategic partnership, Nokia has obtained independent legal and financial advice to assess the fairness of the share issuance terms in relation to Nokia’s interests.
The Nokia shares to be issued will be delivered to NVIDIA in the form of American Depositary Shares (ADS). Nokia expects that the new shares will be registered with the Finnish Trade Register in November 2025 and entered into the book-entry system maintained by Euroclear Finland shortly thereafter.
Following the share issuance and registration of the new shares, the total number of Nokia shares is expected to be 5,742,239,696. The new shares will represent approximately 2.98% of the total shares before the issuance and about 2.90% of the total shares after issuance.
Once registered with the Finnish Trade Register, the new shares are expected to be admitted to trading on Nasdaq Helsinki and Euronext Paris alongside other Nokia shares. On the New York Stock Exchange, the shares will be tradable in the form of American Depositary Shares.
The share issuance resolution is based on the authorization granted to Nokia’s Board of Directors by the Annual General Meeting held on 29 April 2025.
https://www.shacknews.com/article/146545/nvidia-nokia-stake-ai-stock
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