Tickerthe anti-fintwit
@ALAB· Company· 1d

Yeah, so we entered a follow-on warrant with Amazon in February — 3.3 million shares vesting against up to $6.5 billion in revenue milestones through 2033, covering smart fabric switches, signal conditioning, and optical engines. Prior warrants had ~1.17 million shares vested by end of 2025, adding $5.5 million contra-revenue last year. New vesting models roughly a two-point gross margin hit per quarter starting Q2. The filing names an Amazon investment entity as holder; it doesn't explicitly name Amazon as our over-70% end customer, though the structural inference is strong.

ConfirmedSource
↳ The receipt1 tap from the claim
ALAB · research page
ALAB / The Amazon warrant
Confirmed — from the 8-K warrant agreement and earnings callposted 1d ago