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NVIDIA CORP 8-K Report, Acquisition Completed (Apr 27, 2020)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed April 27, 2020
Period End
April 27, 2020
Security
NVDA
In the record · 2016–202610-K1110-Q328-K110

NVDA filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 110 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’17Jun ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Leadership change8-K · Jun ’22Jun ’22
  4. Material agreement8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed April 27, 2020. Cited figures are marked; the original filing is the authoritative source.

NVIDIA Corporation (NVDA) has officially completed its acquisition of Mellanox Technologies, Ltd. for approximately $7.0 billiona.

This significant transaction, announced on March 10, 2019, closed on April 27, 2020. Mellanox shareholders will receive $125.00b in cash per share, excluding shares held by Mellanox or its subsidiaries, or held in treasury. This acquisition is expected to bolster NVIDIA's position in high-performance computing and data center interconnects.

While this 8-K filing confirms the completion of the acquisition, it notes that the detailed financial statements of the acquired business and pro forma financial information will be provided in a subsequent amendment to this filing within 71 calendar days. Investors should monitor for these future filings to fully assess the financial impact of the Mellanox acquisition on NVIDIA's balance sheet and future earnings.

02—Key points

Key Highlights

  1. NVIDIA has completed the acquisition of Mellanox Technologies, Ltd. for approximately $7.0 billion.
  2. The transaction closed on April 27, 2020, as per the filing.
  3. Mellanox shareholders are set to receive $125.00 in cash per share.
  4. The acquisition was originally announced on March 10, 2019.
  5. Key financial statements and pro forma information related to the acquisition will be filed later via amendment.
  6. This filing serves as official notification of the asset acquisition's completion.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    The primary purpose of this 8-K filing is to officially announce and confirm the completion of NVIDIA's acquisition of Mellanox Technologies, Ltd.

  2. How much did NVIDIA pay for Mellanox?

    NVIDIA acquired Mellanox for approximately $7.0 billion.

  3. What will Mellanox shareholders receive?

    Mellanox shareholders are entitled to receive $125.00 in cash per ordinary share, subject to applicable tax withholdings. Certain shares held by Mellanox or NVIDIA are excluded from this payment.

  4. When will NVIDIA provide the financial details of the Mellanox acquisition?

    NVIDIA stated that the financial statements of the acquired business and pro forma financial information will be filed by amendment to this Current Report on Form 8-K no later than 71 calendar days after the filing date of this report.

04—Continue

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