An Amazon subsidiary received warrants for up to 3.16 million 3M shares.
Reuters reports an exercise price of $164.89 and a seven-year term. About 85% of vesting depends on purchases of optical and data-center products, with full vesting at $6 billion in cumulative purchases; other milestones govern the remainder.
The warrants are not already purchased shares or unconditional revenue.
This is an original summary, not a republication of the full report.
Read the original at Reuters ↗
Major crypto exchanges are reinforcing key-storage controls and calling for faster information-sharing after Binance disclosed a record $6.3 billion theft.
OpenAI reduced the target for its latest funding round to about $20 billion as investors reassessed the cost and returns of the AI buildout, Reuters reported citing the Financial Times.
The US State Department approved a possible sale of 500 Patriot PAC-3 interceptors to Ukraine, but newly manufactured missiles are not expected until the early 2030s.