- CSE Global (SGX:544) will be issuing up to 63m warrants to Amazon at a conversion price of S$0.767. Amazon will hold an 8% stake in CSE assuming full conversion.
- The warrants are subject to vesting based on payments up to US$1.5b over five years, which works out to be US$300m of contracts per year. This is significantly higher than the year-to-date order win of around US$50m with Amazon.
- - Read this at SGinvestors.io -
Issuance of warrants to Amazon to forge a long-term partnership.
- CSE Global announced that it will be issuing around 63m warrants to Amazon at a conversion price of S$0.7671, based on a 7% discount of the volume-weighted average price (VWAP) as of the last closing date before this announcement.
- - Read this at SGinvestors.io -
Vesting condition indicates huge order wins of US$1.5b over five years.
- The warrants are subject to vesting based on payments up to US$1.5b over the next five years, which works out to be US$300m of contracts per year. This is significantly higher than its 2025 order win of around US$50m with Amazon. This is a major win for CSE, which could boost its data centre (DC)-related revenue from around 10% to potentially approximately 30% annually.
Electrification business stands to benefit from burgeoning DC demand.
- Read more at SGinvestors.io.
