Re:AMD signs AI chip-supply deal with OpenAI, gives it optio...
by throwaway2037 on Monday October 06, 2025 @07:59PM
(#45497738)
Can someone with banking / deal-making experience explain to me how this warrant works? My point: If OpenAI exercises the warrant and buys 10% of AMD for 1 penny per share, where does AMD get the shares? Or will they do a secondary offering and dilute existing shares? Or do they take from treasury holdings (of shares)? Or does AMD coordinate a buyback of shares, then deliver to OpenAI?
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