Morningstar

3M Issues Amazon Warrant for 3.2 Million Shares in Expanded Commercial Relationship

Provided by Dow Jones Oct 19, 2026, 9:36:00 PM

By Elias Schisgall

3M is expanding its commercial relationship with Amazon, issuing the company a warrant to buy up to 3.2 million shares at a price of $164.89.

The company on Monday said it had entered an expanded strategic commercial relationship with an Amazon subsidiary, while granting the warrant to a separate subsidiary.

Some 85% of the shares covered by the seven-year warrant will vest as Amazon pays for data center products from 3M, including optical connectivity products, with the full amount vesting once Amazon hits $6 billion in payments.

The remaining 15% of the shares vest subject to event-based milestones.

Shares of 3M gained 3.7% to $168 after-hours trading on Monday.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

October 19, 2026 17:36 ET (21:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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