Generac

Headlines · 1

1. Oct 20
   3M expands Amazon data center partnership, with warrants tied to up to $6B in purchases

   3M said it is expanding its commercial partnership with Amazon and moving further into AI data center infrastructure, while issuing warrants to an Amazon wholly owned subsidiary that can buy up to 3.162 million 3M shares at $164.89 each over seven years, worth more than $521 million. About 85% of the warrant shares vest as Amazon pays for optical connectivity and other data center products, with that portion fully vesting at $6 billion in cumulative purchases; the remaining 15% vests only after specific milestone conditions are met. 3M shares rose more than 5% in after-hours trading after the announcement, and the report noted that in July Microsoft became the first hyperscale cloud provider to use 3M's expanded beam optics in an AI data center.

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