3M gives Amazon warrant for up to 3.16 million shares in expanded data center deal
3M is tying part of its data center ambitions to Amazon. The industrial company said Monday it entered into an expanded strategic commercial relationship with a subsidiary of Amazon.com and handed a separate Amazon subsidiary a warrant to buy up to 3,162,015 shares of 3M common stock.
The warrant runs for seven years and carries an exercise price of $164.89 a share, according to 3M's 8-K.
How the warrant vests
Vesting is linked to how much Amazon buys. Eighty-five percent of the warrant shares will vest as Amazon makes payments for optical connectivity and other data center products, with that portion fully vested once cumulative payments reach $6 billion.
The remaining 15% of the warrant shares vest based on event-based milestones, the filing says. 3M did not detail those milestones in the 8-K.
By the numbers
- Warrant shares: up to 3,162,015
- Exercise price: $164.89 per share
- Term: seven years
- Purchase-linked portion: 85% of warrant shares
- Full vesting of that portion: $6 billion in cumulative payments
Sources
- 3M Company, Form 8-K (Item 7.01), filed Oct. 19, 2026, accession 0000066740-26-000303
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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