"NVIDIA purchased pre-funded warrants exercisable into 21,065,936 Nebius Class A ordinary shares at a near-nominal exercise price of $0.0001 per share, for gross proceeds of approximately $2 billion. NVIDIA has agreed to a six-month lockup on both the warrant and any shares acquired through its exercise."
"NVIDIA is effectively becoming a major Nebius shareholder, the 21 million-plus shares would represent a significant stake in a company that closed yesterday with a market capitalisation of roughly $24 billion before the announcement drove shares up around 16%, but through a warrant mechanism that gives Nebius the cash upfront while deferring formal share issuance."
"The two companies announced a strategic partnership spanning four areas: AI factory design and support including early access to hardware samples, design review processes, and bring-up support; inference and agentic AI stack development using NVIDIA's latest software, optimised models and libraries; multi-generation infrastructure deployment including early access to forthcoming NVIDIA platforms."
NVIDIA has committed $2 billion to Nebius Group, an Amsterdam-based AI cloud company that emerged from Yandex following Russia's invasion of Ukraine. The investment was structured as a private placement through pre-funded warrants exercisable into over 21 million Nebius Class A shares at a nominal price of $0.0001 per share. This transaction grants NVIDIA a significant stake in the company, valued at approximately $24 billion before the announcement. Beyond capital injection, the companies established a strategic partnership covering AI factory design, inference and agentic AI stack development, and multi-generation infrastructure deployment. NVIDIA committed to a six-month lockup on warrant and acquired shares, with the transaction completed as an exempt offering under US securities law.
Read at TNW | Tech
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