3M expands data center partnership with Amazon subsidiary, issues warrant for 3.16M shares

3M Company entered an expanded data center partnership with an Amazon subsidiary on Oct 19, 2026, issuing a warrant for 3,162,015 shares at $164.89 per share, worth about $521.4 million. Vesting is tied to Amazon's purchases of data center products, with full vesting at $6 billion in cumulative payments. 3M shares rose over 5% in after-hours trading.

Detected & updated continuously · Source: Nebula