secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001835632-24-000193
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell expands AWS collaboration with warrant for up to 4.18M shares at $87.77 tied to AI revenue
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- Five-year multi-generational agreement covers custom AI chips, optical DSPs, AEC DSPs, PCIe retimers, DCI modules, and Ethernet switching.
- AWS affiliate receives warrant for 4,180,683 shares at $87.77; ~3.9M vest on AWS revenue through Jan 5, 2030.
- Revenue vesting split: ~2.7M shares for custom AI products, ~1.2M for other Marvell products; balance vested or time-based.
- Warrant exercisable for cash or net exercise until Dec 2, 2031; shares unregistered under Securities Act Section 4(a)(2).
- Marvell will use AWS cloud for EDA to accelerate silicon design and time-to-market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000193/0001835632-24-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000193/mrvl-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001835632-24-000193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer