Generac Issues Warrant to Amazon in Connection with Long-Term Supply of Backup Generators

Generac Holdings Inc., a supplier of backup power generators, entered into a Transaction Agreement with Amazon.com, Inc. (Amazon) on September 16, 2026, in connection with a long-term agreement to supply backup power generators for Amazon data centers. Faegre Drinker represented Generac in issuing a warrant to Amazon in connection the transaction.

Under the transaction agreement, Generac issued to Amazon.com NV Investment Holdings LLC, a wholly owned subsidiary of Amazon, a warrant to acquire up to 1,693,745 shares of Generac common stock at an exercise price of $200.9266 per share. The warrant vests in multiple tranches, contingent on aggregate gross payments, net of certain offsets, received by Generac and its global affiliates from or on behalf of Amazon and its affiliates for backup power generators for Amazon data centers, up to a total of $8 billion.

The transaction closed on September 16, 2026, and Faegre Drinker continues to advise Generac on certain post-closing matters, including the registration statement for the warrant shares.