Marvell Issues Alphabet Warrant for Up to 58.97M Shares at $206.58
AI infrastructure spending is accelerating, creating an opportunity for Marvell Technology. On Aug. 18, Marvell issued Google a warrant for up to 58.97 million shares at an exercise price of $206.58. If fully exercised, the shares could be worth about $12.2 billion and represent roughly 6.3% to 6.7%, linking Marvell more deeply to Alphabet’s AI buildout while introducing potential dilution.