other material
confidence high
sentiment neutral
materiality 0.80
Fabrinet issues warrant to Amazon affiliate for 381,922 shares; revises Q3 guidance down due to $4.2M charge
Fabrinet
- Issued warrant to Amazon affiliate for up to 381,922 shares at $208.48, vesting tied to commercial payments.
- 38,192 shares vested immediately; remaining vest based on Amazon payments or acquisition transaction.
- Non-cash stock-based charge of ~$4.2M reduces Q3 GAAP EPS by $0.12, guidance revised to $2.20-$2.28.
- Non-GAAP EPS guidance trimmed to $2.43-$2.51; excludes $0.23 in share-based compensation.
- Warrant exercisable for 7 years, cashless exercise, with customary anti-dilution adjustments.