Generac Issues Amazon Warrant Tied to Up to $8 Billion Generator Supply Deal
Filed with the SEC on · Summarized by InvestorsBot
Generac entered into a transaction agreement with Amazon and issued its wholly owned subsidiary, Amazon.com NV Investment Holdings LLC, a warrant for up to 1,693,745 Generac shares at an exercise price of $200.9266 per share. The warrant’s remaining shares vest based on payments for backup generators supplied to Amazon data centers, with initial deliveries expected to total $2.4 billion in 2027 and 2028 and aggregate payments potentially reaching $8 billion; Amazon may exercise the warrant through September 16, 2033.