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Corning and NVIDIA reach a $500 million equity financing agreement to deepen long-term partnership
May 6th, Corning announced the official signing of a securities purchase agreement with NVIDIA, as an important part of their long-term partnership. Corning issued and sold warrants to NVIDIA with a total value of $500 million. According to the terms of the agreement, NVIDIA received a traditional warrant to purchase up to 15 million shares of Corning common stock, with an exercise price of $180.00 per share; at the same time, Corning also issued a pre-financing warrant to purchase up to 3 million shares of common stock, with an exercise price of $0.0001 per share. (Interface)