Berto Acquisition Corp. II (GUACW) Warrant
Each GUACW warrant gives the holder the right to buy 1 share of Berto Acquisition Corp. II at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.92, below the strike, so the warrant is out of the money. Berto Acquisition Corp. II has a market value of about $390.72M. Berto Acquisition Corp. II is a SPAC (no deal announced yet). It must complete a deal by May 18, 2028 or the warrants expire worthless. There are 10.50M listed warrants; exercising all of them would add 26.7% to the 39.39M shares outstanding.
GUAC vs strike, last 12 months
No share-price history for GUAC 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
- allowed
- Break-even stock price
- $12.09
From the issuer's S-1/A (2026-05-12).
Company and stock
- Company
- Berto Acquisition Corp. II
- Underlying stock
- GUAC
- Share price
- $9.92
- Market cap
- $390.72M
- Shares outstanding
- 39.39M
- Value of all listed warrants
- $6.15M (1.6% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-14). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.5860
- Price / model
Get Pro to see whether GUACW is cheap or rich against our model.
Dilution
- Shares outstanding
- 39.39M
- Listed warrants
- 10.50M
- Dilution if all exercised
- 26.7%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-05-18
- Latest possible deadline
- 2028-08-18
- Trust per share
- $10.04
- Sponsor
- Berto Acquisition Sponsor II LLC
- Sponsor's earlier SPACs
- 2 (1 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 GUACW
When does the GUACW 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 GUACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many GUACW warrants are outstanding?
10.50M listed warrants, equal to 26.7% dilution if all are exercised.