Codere Online Luxembourg, S.A. (CDROW) Warrant
Each CDROW warrant gives the holder the right to buy 1 share of Codere Online Luxembourg, S.A. at $11.50 per share, until November 30, 2026. The stock last closed at $9.50, below the strike, so the warrant is out of the money. Codere Online Luxembourg, S.A. has a market value of about $429.87M. There are 6.25M listed warrants; exercising all of them would add 13.8% to the 45.25M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
CDRO vs strike, last 12 months
No share-price history for CDRO yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2026-11-30
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.88
From the issuer's 424B3 (2026-06-10).
Company and stock
- Company
- Codere Online Luxembourg, S.A.
- Underlying stock
- CDRO
- Share price
- $9.50
- Market cap
- $429.87M
- Shares outstanding
- 45.25M
- Value of all listed warrants
- $2.34M (0.5% of market cap)
Market cap is the last share price times shares outstanding (as of 2025-12-31). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3750
- Price / model
Get Pro to see whether CDROW is cheap or rich against our model.
Dilution
- Shares outstanding
- 45.25M
- Listed warrants
- 6.25M
- Dilution if all exercised
- 13.8%
Warrant count from filing text: public warrants.
Filings and events
Questions about CDROW
When does the CDROW warrant expire?
CDROW expires on November 30, 2026.
What is the strike price of CDROW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Codere Online Luxembourg, S.A. redeem the CDROW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many CDROW warrants are outstanding?
6.25M listed warrants, equal to 13.8% dilution if all are exercised.