🇺🇸3M issued Amazon seven-year warrants for up to 3.162 million shares at $164.89, with vesting tied to purchases and milestones.

3M announced an expanded strategic commercial relationship with an Amazon wholly owned subsidiary on October 19. It issued warrants to another Amazon wholly owned subsidiary permitting the purchase of up to 3.162 million 3M common shares at $164.89 per share over seven years.

The purchase-linked portion represents 85% of the warrant shares. Those shares vest progressively as Amazon pays for optical-connectivity and other data-center products, with that portion fully vested when cumulative payments reach $6 billion.

The remaining 15% depends on specified event milestones, which are not described in the supplied message. The $6 billion figure is a vesting threshold, not evidence that Amazon has already spent or unconditionally committed that amount.

The disclosed share count represents the maximum shares covered by the warrants, not shares already purchased through exercise. No dilution percentage or direct SEC filing is supplied, so the warrant terms are attributed to the Telegram account’s report of 3M’s announcement.