Advanced Micro Devices AMDAgreement
AMD issues OpenAI a warrant for up to 160 million shares in a 6-gigawatt GPU deal
Filed Oct 6, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On October 5, 2025, AMD issued OpenAI a warrant to buy up to 160 million shares of common stock.
- The exercise price is $0.01 per share, and the shares vest in tranches tied to OpenAI's purchases of AMD GPUs.
- The first tranche vests after the initial 1 gigawatt of AMD Instinct MI450 GPUs; full vesting needs 6 gigawatts of purchases.
- Stock price targets rise to $600 per share for the final tranche, and the warrant can be exercised until October 5, 2030.
Items reported
- 1.01 Material agreement
- 3.02 Unregistered share sale
- 7.01 Investor presentation
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.