3M (MMM.US) issued 3.16 million warrants to Amazon, expanding cooperation on data center products.

Zhihu Finance APP reported that 3M (MMM.US) has disclosed an expanded strategic commercial agreement with Amazon (AMZN.US), making itself a supplier of Amazon’s optical interconnect and other data center products. According to an 8-K filing, 3M stated that it has issued warrants allowing Amazon to purchase up to 3,162,015 common shares at a price of $164.89 per share within seven years, as part of the deal. After the news was announced, 3M’s share price rose by 5.6% as of press time.