Amazon Gets Warrant to Buy $521.4 Million of 3M Stock in Expanded Data Center Partnership: MMM Rises Over 5% After Hours

Amazon.com Inc. (NASDAQ:AMZN) expanded its data center partnership with 3M Co. (NYSE:MMM) and received a warrant to buy about $521.4 million of 3M stock, with vesting tied to the hyperscaler's purchases of data center products. 3M shares were up 5.43% in after-hours trading, and Amazon stock was trending as it rose 0.29%. Vesting Tied to Data Center Purchases 85% of the warrant shares vest based on Amazon's payments for optical connectivity and other data center products, with full vesting once cumulative payments reach $6 billion, 3M said in a filing to the Securities and Exchange Commission. Full vesting occurs once cumulative payments reach $6 billion, with the remaining shares vesting upon achievement of event-based milestones. Read Also:Amazon.