Infinera CORP

Infinera Corporation has been acquired by Nokia Corporation through a merger, with Infinera surviving as a wholly-owned subsidiary of Nokia.

Infinera announces the expected completion date of its acquisition by Nokia as February 28, 2025, and sets the deadline for stockholders to revoke their election of merger consideration as February 21, 2025.

Infinera and Nokia anticipate completing their merger in the first quarter of 2025, contingent upon securing remaining regulatory approvals from the European Union and Taiwan.

Infinera Corporation has entered into a direct funding agreement with the U.S. Department of Commerce, securing up to $93 million under the CHIPS Act to support the construction of fabrication and packaging facilities in California and Pennsylvania.

Infinera's Q3 2024 results show sequential improvements in some financial metrics, but year-over-year declines, while the company progresses towards its acquisition by Nokia.

Infinera has signed a non-binding preliminary agreement to receive up to $93 million in direct funding from the U.S. Department of Commerce under the CHIPS and Science Act.

Infinera Corporation released its third-quarter 2024 financial results, showing a decrease in revenue and a net loss, while also progressing with its planned merger with Nokia.

Infinera Corporation announced its second quarter 2024 financial results, reporting a net loss, while also detailing a pending merger agreement with Nokia.

Infinera Corporation's first quarter 2024 results show a significant revenue decrease and the identification of material weaknesses in internal controls.

Infinera's Q3 2023 results show a stable revenue picture with a notable improvement in gross margin compared to the same period last year.

Infinera Corporation has amended its quarterly report to address material weaknesses identified in its internal controls over financial reporting related to revenue and inventory cycles.

Infinera has filed an amendment to its Q1 2023 report due to identified material weaknesses in internal control over financial reporting related to revenue and inventory cycles.

Infinera grants performance-based stock awards to executives under its 2016 Equity Incentive Plan, outlining vesting conditions and terms.

Infinera Corporation has filed an amendment to its 2022 annual report due to identified material weaknesses in internal controls over financial reporting related to its revenue and inventory cycles.

Following the merger with Nokia, Infinera's CEO David Heard reports adjustments to his holdings of common stock and restricted stock units, including the conversion of performance share awards into cash compensation and Nokia RSUs.

Director Paul Milbury reports the disposal of Infinera shares and vesting of restricted stock units following the merger with Nokia, as per the agreement dated June 27, 2024.

Following the merger with Nokia, Infinera's CFO, Nancy Erba, reports adjustments to her holdings of common stock and restricted stock units, including the vesting of performance share awards.

Chief Legal Officer MacPherson Regan J reports vesting of restricted stock units (RSUs) and performance share awards (PSAs) due to the Infinera Corporation's merger with Nokia Corporation and achievement of total stockholder return (TSR) goals.

Director David F. Welch reports changes in beneficial ownership of Infinera Corp stock due to the merger with Nokia, including the cancellation of shares and conversion of restricted stock units into merger consideration.

Director George Andrew Riedel reports changes in beneficial ownership of Infinera Corp stock due to the merger with Nokia, including the conversion and cancellation of common stock and restricted stock units.

Infinera provides supplemental disclosures to its proxy statement/prospectus related to its merger with Nokia in response to stockholder lawsuits alleging incomplete or misleading information.

Nokia Corporation is set to acquire Infinera Corporation, offering stockholders \$6.65 per share with consideration options including cash, Nokia shares, or a mix of both, subject to proration.

Infinera has amended its proxy statement to reflect a reduction in the number of shares available for issuance under its 2016 Equity Incentive Plan, taking into account the potential dilutive impact of performance equity awards.

Infinera is asking stockholders to approve an amendment to its 2016 Equity Incentive Plan, including an increase of 7,100,000 shares authorized for issuance.