Cargojet issues warrants to Amazon incentivizing airfreight use in Canada

Canada-based Cargojet and Amazon.com NV Investment Holdings, an affiliate of Amazon.com.ca, entered into a strategic partnership under which Cargojet will issue two tranches of warrants equal to a 14.9% stake in the company. The warrants vest over 7.5 years as certain commercial requirements are met. At first glance, the option to purchase a stake in […]

 

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