BT Brands, Inc. (BTBDW) Warrant
Each BTBDW warrant gives the holder the right to buy 1 share of BT Brands, Inc. at $5.50 per share, until November 12, 2026. The stock last closed at $1.87, below the strike, so the warrant is out of the money. BT Brands, Inc. has a market value of about $11.57M. There are 2.75M listed warrants; exercising all of them would add 44.4% to the 6.18M shares outstanding. The company can call the warrants if the stock trades at or above $8.25.
BTBD vs strike, last 12 months
No share-price history for BTBD yet.
Key terms
- Strike per share
- $5.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $5.50
- Expiry
- 2026-11-12
- Redemption trigger
- $8.25
- Cashless exercise
- allowed
- Break-even stock price
- $5.52
From the issuer's S-1/A (2021-11-09).
Company and stock
- Company
- BT Brands, Inc.
- Underlying stock
- BTBD
- Share price
- $1.87
- Market cap
- $11.57M
- Shares outstanding
- 6.18M
- Value of all listed warrants
- $66.75K (0.6% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-17). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0243
- Price / model
Get Pro to see whether BTBDW is cheap or rich against our model.
Dilution
- Shares outstanding
- 6.18M
- Listed warrants
- 2.75M
- Dilution if all exercised
- 44.4%
Warrant count from XBRL (single class reported).
Filings and events
Questions about BTBDW
When does the BTBDW warrant expire?
BTBDW expires on November 12, 2026.
What is the strike price of BTBDW?
$5.50 per share; each warrant converts into 1 share, so exercising one warrant costs $5.50.
Can BT Brands, Inc. redeem the BTBDW warrants early?
Yes. The company can call them if the share price reaches $8.25 for the required period (usually 20 of 30 trading days).
How many BTBDW warrants are outstanding?
2.75M listed warrants, equal to 44.4% dilution if all are exercised.