Marvell Technology MRVLAgreement
Marvell issues Google a warrant for up to 58,970,907 shares
Filed Aug 19, 2026Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On July 29, 2026 Marvell entered a commercial agreement with Google on custom semiconductor products.
- On August 18, 2026 it issued Google a warrant for up to 58,970,907 shares at an exercise price of $206.58.
- 1,360,867 shares vest quarterly over the first year; the rest vest in 240 tranches based on Google's purchases.
- One tranche vests for each $500 million in Custom Products revenue, and the warrant is exercisable until August 18, 2033.
Items reported
- 1.01 Material agreement
- 3.02 Unregistered share sale
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.