Affirm, Amazon extend pact 5 years; warrant exercise set at $63.06
Affirm Holdings (AFRM) entered a new long‑term agreement with Amazon.
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Rhea-AI Filing Summary
Affirm Holdings (AFRM) entered a new long‑term agreement with Amazon. On November 6, 2025, its subsidiary Affirm, Inc. signed a Second Amended and Restated Installment Financing Services Agreement with Amazon.com Services LLC and Amazon Payments, Inc. Effective February 1, 2026, the agreement runs for five years through January 2031 and then renews annually unless notice is given. Affirm will continue offering its closed‑end installment loans on Amazon.com and via the Amazon Pay widget on certain third‑party online channels.
Affirm also amended Amazon’s equity warrant. The amended warrant covers up to 15,000,000 Class A shares. The exercise price remains $100.00 per share for Warrant Shares vesting based on New Users Acquired before February 1, 2026, and is set at $63.06 per share for Warrant Shares vesting based on New Users Acquired on or after that date. The company also furnished a Shareholder Letter for the fiscal quarter ended September 30, 2025.
Insights
Five-year Amazon extension locks in distribution; warrant terms adjusted.
The five-year term starting February 1, 2026 through January 2031 secures ongoing placement of Affirm's closed‑end installment loans on Amazon.com and via Amazon Pay. Automatic one‑year renewals preserve continuity unless either party opts out.
The warrant amendment keeps an exercise price of $100.00 for tranches vesting on New Users Acquired before February 1, 2026 and sets $63.06 for tranches vesting on or after that date, still tied to user acquisition metrics. Actual dilution depends on vesting outcomes under those metrics.
The company also furnished a Shareholder Letter for the quarter ended September 30, 2025; specific financial figures are in that letter, not summarized here.
8-K Event Classification
FAQ
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