Qualcomm 8-K

Summary

Warrant issuance tied to a strategic collaboration with Amazon. Qualcomm issued Amazon.com NV Investment Holdings a warrant for up to 25 million Qualcomm shares, with vesting linked to commercial arrangements, binding purchase orders and Amazon’s purchases of Qualcomm server products and services. The potential dilution depends on those milestones; 3.75 million shares vested upon issuance.

Key Figures

• Warrant: up to 25 million shares at $161.26 per share; expires 9/3/2036 and permits cashless exercise.
• Vesting: tied to Amazon commitments, orders and purchases during the warrant term, up to $60B in payments; 3.75 million shares vested upon issuance based on initial purchase commitments.
• The warrant carries no voting or other shareholder rights before exercise. Qualcomm expects to file a resale prospectus supplement for the warrant shares.

Investor Takeaways

• Amazon’s purchase activity and progress against the commercial milestones will determine whether additional warrant shares vest.