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 for 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 assessing the strategic partnership internally, Nokia has sought independent legal and financial advice to evaluate the fairness of the share issuance terms, considering the partnership’s strategic value.

The Nokia shares 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 promptly thereafter.

Following the share issuance and registration, the total number of Nokia shares is expected to be 5,742,239,696. The new shares represent approximately 2.98% of the total shares prior to the issuance and about 2.90% of the total shares afterward.

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, as well as on the New York Stock Exchange in the form of American Depositary Shares.

The resolution to issue these shares 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