3M grants Amazon warrant for up to 3.16M shares at $164.89 in data-center supply pact

3M CO

3M entered an expanded strategic commercial relationship with a wholly-owned subsidiary of Amazon.com on October 19, 2026.
3M issued a warrant to a separate Amazon subsidiary to buy up to 3,162,015 common shares over seven years at $164.89 per share.
85% of the warrant shares vest based on Amazon payments for optical connectivity and other Data Center products, fully vesting at $6 billion in cumulative payments.
The remaining warrant shares vest subject to event-based milestones.

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