Subject to certain customary closing conditions, NVIDIA will subscribe for new 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 for 27 October 2025, which was 0.8591 (USD 1 being EUR 0.8591).
The subscription price shall be recorded in Nokia’s reserve for invested unrestricted equity. This directed share issuance is an essential part of the strategic partnership with NVIDIA. The subscription price was determined as part of negotiations between Nokia and NVIDIA.
In addition to its own assessment of the strategic partnership, Nokia has taken independent legal and financial advice to assist in evaluating the fairness of the share issuance terms, considering the strategic partnership.
The Nokia shares will be delivered to NVIDIA in the form of American Depositary Shares. Nokia expects that the new shares will be registered with the Finnish Trade Register in November and entered into the book-entry system maintained by Euroclear Finland promptly 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 represent approximately 2.98% of the total number of Nokia shares prior to the share issuance and approximately 2.90% following the issuance.
After registration 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, and on the New York Stock Exchange in the form of American Depositary Shares.
The resolution to issue shares is based on the authorization granted to the Board of Directors by the Annual General Meeting on 29 April 2025.
https://www.shacknews.com/article/146545/nvidia-nokia-stake-ai-stock
