Amazon NV Investment Holdings, a wholly owned subsidiary of Amazon, has entered into an agreement with Singapore-based systems integrator CSE Global to be issued 62,968,580 new warrants. Each warrant is convertible to one CSE share at an exercise price of S$0.7671. The full vesting of these warrants is conditional on Amazon and its affiliates making qualifying payments for products and services to CSE Global totaling US$1.5 billion. If fully exercised, the new shares would represent an 8% stake in CSE Global's enlarged share capital. CSE Global stated that the issuance of these non-transferable warrants, which expire on November 9, 2030, will help raise funds for operating expenditure and strengthen its capital base. There has been no significant market reaction analysis for Amazon's stock reported in relation to this announcement.