On October 19, 2026, 3M Company entered into an expanded strategic commercial relationship with a wholly-owned subsidiary of Amazon.com, Inc. As part of this agreement, 3M issued a warrant to the subsidiary allowing for the purchase of up to 3,162,015 shares of common stock at an exercise price of $164.89 per share over seven years. Vesting is contingent on Amazon making payments for optical connectivity and other Data Center products, with full vesting triggered once cumulative payments reach $6 billion; the remaining shares are subject to event-based milestones. 3M Company operates in the diversified technology and manufacturing industry.
