Bloom Energy agrees to issue Oracle warrant for 3.5 million shares tied to AI data center deal
Bloom Energy agreed on October 28, 2025 to issue Oracle Corporation a warrant to buy up to 3,531,073 Class A shares at $113.28 per share, tied to their partnership on on-site solid state power for AI data centers. The warrant is subject to negotiating terms acceptable to both companies and expires six months after issuance, so the potential dilution depends on whether Oracle exercises it.
Key points
- Warrant covers up to 3,531,073 Class A Common Stock shares at $113.28 per share, the closing market price on October 28, 2025.
- Warrant expires six months from issuance and is subject to negotiation of terms acceptable to both companies.
- Shares would be issued without registration under Section 4(a)(2) of the Securities Act of 1933.
- Warrant holder gets no voting, dividend or other stockholder rights before exercise and settlement.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.