Marvell to acquire Celestial AI; issues Amazon warrant for up to 1,045,171 shares
Marvell Technology said it has signed a definitive agreement to acquire Celestial AI Inc., subject to customary closing conditions. As part of the deal, Marvell issued Amazon a warrant to buy up to 1,045,171 Marvell common shares at $87.0029 per share, with shares vesting based on Amazon's purchases of photonic fabric products through December 31, 2030.
Key points
- Acquisition target: Celestial AI Inc., under a definitive agreement announced December 2, 2025
- Amazon warrant covers up to 1,045,171 common shares at an exercise price of $87.0029 per share
- Warrant vests based on Amazon's photonic fabric purchases through December 31, 2030 and can be exercised until December 2, 2031
- Warrant shares were issued without SEC registration, under the Section 4(a)(2) private placement exemption
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 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 December 02, 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.