$Affirm Holdings, Inc.(AFRM)$’s 8K that explains their agreement with $Amazon.com(AMZN)$ from November, 2021
The First Warrant will vest and become exercisable with respect to an additional 3,000,000 First Warrant Shares in increments of 250,000 First Warrant Shares per calendar quarter during calendar years 2022, 2023 and 2024, subject to certain adjustments as set forth in the First Warrant, provided that as a vesting condition but not an obligation, Amazon maintains parity of certain program terms in the Commercial Agreement with any other non-card installment providers Amazon makes available on Amazon.com during the period between the date of issuance of the First Warrant and the applicable vesting date. The First Warrant expires on May 9, 2025.
The Second Warrant will vest and become exercisable quarterly during its term based on the number of unique Amazon customers that use Affirm products for the first time on Amazon.com (and any additional websites determined by Affirm and Amazon) during such calendar quarter, subject to certain adjustments as set forth in the Second Warrant. The Second Warrant expires on May 9, 2029.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
K