Marvell Technology, Inc. 8K

Marvell Technology, Inc. granted Google LLC a large, performance- and time-vested warrant to buy up to 58,970,907 Marvell common shares at $206.58 per share tied to revenue from custom semiconductor products, under an unregistered warrant agreement with detailed adjustment and governance protections.

Marvell Technology, Inc. entered into a warrant agreement with Google LLC under which Marvell issued Google a warrant to purchase up to 58,970,907 shares of Marvell common stock at an exercise price of $206.58 per share, with 1,360,867 shares vesting over the first 12 months based on time and the remaining 57,610,040 shares vesting in tranches as Marvell achieves specified levels of Qualifying Revenue from custom semiconductor products sold to Google and its affiliates during a defined measuring period, subject to various adjustment, exercise, extension, and Fundamental Transaction provisions, and accompanied by detailed representations about Marvell’s capital structure and the exempt, unregistered nature of the issuance.

Filing Facts

CIK

1835632

Ticker

MRVL

Form

8K

Source Type

sec

Accession

0001193125-26-356217

Alert Tier

9