🇺🇸Akamai issued Anthropic a warrant for Series B shares at $111.33 per share, convertible into 7.7 million common shares.

The reported warrant gives Anthropic the right to purchase Akamai Series B shares at $111.33 per share. Those Series B shares are described as convertible into 7.7 million Akamai common shares.

The distinction between the instruments matters: the report describes issuance of a warrant, not completed exercise of that warrant or completed conversion into common stock. Accordingly, 7.7 million is the reported underlying common-share amount, not a statement that Anthropic already received that many common shares.

The warrant accompanies the expanded compute relationship, including the reported seven-year, $11.6 billion contract. The supplied reporting does not provide vesting conditions, expiration, adjustment provisions, the Series B conversion ratio, or a share-count denominator for calculating percentage dilution.