Algoma Steel Group Inc. (ASTL.WT) Warrant
Each ASTL.WT warrant gives the holder the right to buy 1 share of Algoma Steel Group Inc. at $11.50 per share, until October 19, 2026. The stock last closed at $6.19, below the strike, so the warrant is out of the money. Algoma Steel Group Inc. has a market value of about $654.04M. There are 24.18M listed warrants; exercising all of them would add 22.9% to the 105.66M shares outstanding.
ASTL vs strike, last 12 months
No share-price history for ASTL yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2026-10-19
- Redemption trigger
- none stated
- Cashless exercise
- —
- Acceleration clause
- yes
- Break-even stock price
- $11.51
From the issuer's filing.
Company and stock
- Company
- Algoma Steel Group Inc.
- Underlying stock
- ASTL
- Share price
- $6.19
- Market cap
- $654.04M
- Shares outstanding
- 105.66M
- Value of all listed warrants
- $241.79K (0.0% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-03).
Model value vs price Pro
- Model value
- Last price
- $0.0100
- Price / model
Get Pro to see whether ASTL.WT is cheap or rich against our model.
Dilution
- Shares outstanding
- 105.66M
- Listed warrants
- 24.18M
- Dilution if all exercised
- 22.9%
Warrant count from TMX listing data (listed warrants).
Filings and events
Questions about ASTL.WT
When does the ASTL.WT warrant expire?
ASTL.WT expires on October 19, 2026.
What is the strike price of ASTL.WT?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Algoma Steel Group Inc. redeem the ASTL.WT warrants early?
The source filing we read lists no stock-price redemption trigger.
How many ASTL.WT warrants are outstanding?
24.18M listed warrants, equal to 22.9% dilution if all are exercised.