News/Deal/Feb 5, 2026

Astera Labs grants Amazon a warrant for up to 3.26 million shares tied to $6.5 billion of purchases

Astera Labs issued a warrant for up to 3,262,299 common shares to an affiliate of its customer Amazon, at $142.82 per share, expiring February 5, 2033. The shares vest only as Amazon and its affiliates buy up to $6.5 billion of Astera smart fabric switch, signal conditioning and optical engine products. The filing puts the maximum grant-date fair value of the warrant at $280.0 million, so future dilution is tied directly to customer purchases.

  • Up to 3,262,299 shares at $142.82 per share
  • Vests as Amazon and its affiliates buy up to $6.5 billion of products
  • Maximum fair value $280.0 million ($85.83 per share)
  • Exercise period runs through February 5, 2033
  • Amazon's affiliate already held a warrant issued in October 2022
Source
SEC Form 8-K
Feb 5, 2026
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