Greenland Mines Ltd (GRMLW) Warrant
Each GRMLW warrant gives the holder the right to buy 1/50 share of Greenland Mines Ltd at $174.50 per share, until June 21, 2029. The stock last closed at $7.88, below the strike, so the warrant is out of the money. Greenland Mines Ltd has a market value of about $1.25B. There are 5.90M listed warrants; exercising all of them would add 0.1% to the 158.85M shares outstanding. The company can call the warrants if the stock trades at or above $250.50.
GRML vs strike, last 12 months
No share-price history for GRML yet.
Key terms
- Strike per share
- $174.50
- Shares per warrant
- 1/50
- Cash to exercise one warrant
- $3.49
- Expiry
- 2029-06-21
- Redemption trigger
- $250.50
- Cashless exercise
- allowed
- Break-even stock price
- $199.50
From the issuer's S-1/A (2022-03-25).
Company and stock
- Company
- Greenland Mines Ltd
- Underlying stock
- GRML
- Share price
- $7.88
- Market cap
- $1.25B
- Shares outstanding
- 158.85M
- Value of all listed warrants
- $2.95M (0.2% 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
- $0.5000
- Price / model
Get Pro to see whether GRMLW is cheap or rich against our model.
Dilution
- Shares outstanding
- 158.85M
- Listed warrants
- 5.90M
- Dilution if all exercised
- 0.1%
Warrant count from XBRL (single class reported).
Filings and events
- Merger closed; the warrants became warrants of the combined company
- Terms source: S-1/A
Questions about GRMLW
When does the GRMLW warrant expire?
GRMLW expires on June 21, 2029.
What is the strike price of GRMLW?
$174.50 per share; each warrant converts into 1/50 share, so exercising one warrant costs $3.49.
Can Greenland Mines Ltd redeem the GRMLW warrants early?
Yes. The company can call them if the share price reaches $250.50 for the required period (usually 20 of 30 trading days).
How many GRMLW warrants are outstanding?
5.90M listed warrants, equal to 0.1% dilution if all are exercised.