Business Context and Reporting Period
This Form 6-K filing by Nokia Corporation (Nokia) is dated November 13, 2025. The report serves as a notification regarding the completion of a directed share issuance to NVIDIA Corporation, originally announced on October 28, 2025. Nokia operates as a B2B technology innovation leader focusing on mobile, fixed, and cloud networks.
Key Financial Metrics and Capital Structure
The filing details specific changes to Nokia's capital structure resulting from the share issuance:
- New Shares Issued: 166,389,351 new Nokia shares were registered with the Finnish Trade Register.
- Total Share Count: The total number of Nokia shares is now 5,742,239,696.
- Dilution Impact: The new shares represent approximately 2.90% of the total number of Nokia shares.
- Form of Delivery: Shares were delivered to NVIDIA in the form of American Depositary Shares.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics, as this report focuses solely on the capital transaction.
Material Changes Versus Prior Period
The primary material change is the increase in the total number of outstanding shares by approximately 2.90% following the registration of the new shares. Additionally, the new shares are expected to commence trading on Nasdaq Helsinki on or about November 14, 2025. The filing notes that these new shares will not be listed on Euronext Paris, subject to the completion of a delisting process announced on November 4, 2025.
Guidance, Outlook, and Risks
The document contains a standard forward-looking statements disclaimer. It notes that expectations regarding strategies, financial performance, market share, and operational results are subject to risks and uncertainties. These include geopolitical conflicts, macroeconomic conditions, supply chain issues, and litigation outcomes. No specific financial guidance or management commentary on operational performance is provided in this specific filing.
Key Facts for Investor Verification
- Verify the trading commencement date of the new shares on Nasdaq Helsinki (expected November 14, 2025).
- Confirm the status of the delisting process on Euronext Paris.
- Review the impact of the 2.90% share increase on earnings per share (EPS) in subsequent financial reports.
- Check the terms of the underlying agreement with NVIDIA Corporation for details on the strategic partnership or investment rationale.