NVIDIA buys warrants for up to 18 million Corning shares for $500 million

Corning filed an 8-K reporting that NVIDIA bought two warrants on May 6, 2026, the same day the companies announced their long-term US manufacturing partnership. The traditional warrant covers up to 15 million shares at an exercise price of $180, and the pre-funded warrant covers up to 3 million shares. The two warrants were sold together for $500 million in total.

• Buyer: NVIDIA Corporation
• Traditional warrant: up to 15 million common shares at $180.00 per share
• Pre-funded warrant: up to 3 million common shares at $0.0001 per share
• Aggregate purchase price for both warrants: $500 million
• Sold in a private placement under Section 4(a)(2) of the Securities Act