Marvell to acquire Celestial AI; issues Amazon warrant for up to 1.05M shares at $87.003

Marvell Technology, Inc.

Definitive agreement to acquire Celestial AI Inc., subject to customary closing conditions.
Issued Amazon a warrant to buy up to 1,045,171 shares at $87.0029, exercisable through Dec 2, 2031.
Warrant vests based on Amazon's purchases of photonic fabric products through Dec 31, 2030.
Exercise price and shares subject to customary antidilution adjustments; warrant not registered under Securities Act.
Transaction with Amazon includes customary reps, warranties, and covenants in the Warrant agreement.

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