ARC Group Securities Acquisition I (FJDIW) Warrant
Each FJDIW warrant gives the holder the right to buy 1 share of ARC Group Securities Acquisition I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.87, below the strike, so the warrant is out of the money. ARC Group Securities Acquisition I has a market value of about $56.60M. ARC Group Securities Acquisition I is a SPAC (no deal announced yet). It must complete a deal by August 5, 2027 or the warrants expire worthless. There are 10.50M listed warrants; exercising all of them would add 183.1% to the 5.74M shares outstanding.
FJDI vs strike, last 12 months
No share-price history for FJDI yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.54
From the issuer's S-1/A (2026-06-30).
Company and stock
- Company
- ARC Group Securities Acquisition I
- Underlying stock
- FJDI
- Share price
- $9.87
- Market cap
- $56.60M
- Shares outstanding
- 5.74M
- Value of all listed warrants
- $367.50K (0.6% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0350
- Price / model
Get Pro to see whether FJDIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 5.74M
- Listed warrants
- 10.50M
- Dilution if all exercised
- 183.1%
Warrant count from filing notes, read by hand (medium): Public Warrants (one warrant per unit).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-08-05
- Latest possible deadline
- 2027-11-05
- Trust per share
- $10.20
- Sponsor
- FDB I
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about FJDIW
When does the FJDIW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of FJDIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many FJDIW warrants are outstanding?
10.50M listed warrants, equal to 183.1% dilution if all are exercised.