Share story
Products Infrastructure

3M ties Amazon stock warrant to data-center product purchases

3M ties Amazon stock warrant to data-center product purchases Image: Primary
3M has expanded its commercial relationship with Amazon and issued an Amazon subsidiary a warrant worth more than $521 million, Investing.com reported. The agreement links most of the stock rights to Amazon's purchases of 3M's optical connectivity and other data-center products. The warrant allows the subsidiary to buy up to 3.16 million 3M shares at $164.89 each over seven years. About 85% of the shares vest as Amazon makes purchases, with full vesting at $6 billion in purchases. The remaining 15% vests once milestone-based conditions are met.
Sources
Yahoo Finance
In this story
Amazon
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure Products
Infrastructure Products

Amazon commits more than €16 billion to German operations in 2027

Amazon announced plans to invest more than €16 billion ($18 billion) in Germany in 2027, including €4.8 billion to expand its AWS data centre region around Frankfurt. The company also plans a second robotics and AI research lab in...

The Next Web
Robotics Capital
Robotics Capital

Neolix raises $400 million for global delivery vehicle expansion

Chinese driverless delivery vehicle maker Neolix raised a $400 million Series E led by Boyu to fund global expansion, Bloomberg reported. The round takes total funding to $1.4B+. Neolix operates 30K+ vehicles in 300+ cities across...

Techmeme
Capital
Capital

Inspired Capital closes $450 million fourth fund

Inspired Capital closed its fourth fund with $450 million in commitments, co-founder Alexa von Tobel told TechCrunch. The raise brings the New York-based early-stage firm's assets under management to nearly $1.4 billion, following...

Venture Capital News | TechCrunch
Robotics Capital
Robotics Capital

Eka Robotics raises $150 million at $1.45 billion valuation

Eka Robotics closed a $150 million Series A led by a16z and F-Prime, valuing the startup at $1.45 billion post-money, TechCrunch reported. Founded by Pulkit Agrawal and Tuomas Haarnoja, Eka combines a force-sensitive gripper with ...

TechCrunch
Capital Security
Capital Security

Blackwall raises $100 million at $2.2 billion valuation

Estonian web security company Blackwall said Tuesday it raised $100 million in a Series C led by AVP at a $2.2 billion valuation. Executive chairman Roi Carthy said the valuation increased by 4 times since its 2025 fundraise. Bla...

TechCrunch