Intel completes $5B stock sale to Nvidia

In a regulatory filing, Intel (INTC) disclosed that on December 26, the company completed the issuance and sale of 214,776,632 shares of the company’s common stock to Nvidia (NVDA) for an aggregate purchase price in cash of $5.0B, representing a price per share of $23.28 per share. The issuance and sale were undertaken pursuant to a Securities Purchase Agreement, dated September 15, between the company and Nvidia, in a private placement relying upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 as a transaction not involving a public offering, as previously disclosed by the company in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 18, Intel noted.