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  "documentTitle": "Kornit Digital Ltd. (KRNT)",
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  "presentationDate": "2019-05-07 00:00:00",
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      "kind": "callout",
      "text": "What Kornit Says In the 20-F and Deal Press Release: “According to the agreement we were required to issue to an affiliate of Amazon warrants to purchase up to 2,932,176 of our ordinary shares which vest based on payments made by Amazon in connection with the purchase of goods and services from us.”",
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      "text": "The fine print says “gross payments”: Gross of what?",
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      "text": "Publicly, Kornit has promoted the careful language as warrants vesting based on “payments”. Yet, the fine print of the Warrant Agreement clarifies “gross payments” by Amazon to Kornit. Gross of what – rebates perhaps?",
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      "text": "“Vesting Event” means (a) with respect to increments of 85,521 Warrant Shares, each time at which Amazon and its Affiliates have collectively made gross payments totaling $5 million to the Company in connection with invoices in respect of orders placed after May 1, 2016 under the Master Purchase Agreement...",
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      "text": "Publicly, Kornit has promoted the careful language as warrants vesting based on “payments”. Yet, the fine print of the Warrant Agreement clarifies “gross payments” by Amazon to Kornit. Gross of what – rebates perhaps?",
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      "text": "“According to the agreement we were required to issue to an affiliate of Amazon warrants to purchase up to 2,932,176 of our ordinary shares which vest based on payments made by Amazon in connection with the purchase of goods and services from us.” — Kornit 20-F and Deal Press Release",
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      "text": "Rebate Concerns",
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