Kensington Capital Acquisition Corp. VI Class 1 (KCAC.W) Warrant
Each KCAC.W warrant gives the holder the right to buy 1 share of Kensington Capital Acquisition Corp. VI Class 1 at $11.50 per share, for five years after the company completes its merger. Kensington Capital Acquisition Corp. VI Class 1 is a SPAC (deal signed with Nth Cycle, Inc.). It must complete a deal by March 5, 2028 or the warrants expire worthless. There are 23.00M listed warrants; exercising all of them would add 70.0% to the 32.86M shares outstanding.
KCAC vs strike, last 12 months
No share-price history for KCAC 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
- $12.88
From the issuer's 424B4 (2026-03-05).
Company and stock
- Company
- Kensington Capital Acquisition Corp. VI Class 1
- Underlying stock
- KCAC
- Share price
- —
- Market cap
- —
- Shares outstanding
- 32.86M
- Value of all listed warrants
- $31.74M
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
- $1.38
- Price / model
Get Pro to see whether KCAC.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 32.86M
- Listed warrants
- 23.00M
- Dilution if all exercised
- 70.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Nth Cycle, Inc.
- Deal announced
- 2026-07-21
- Deadline
- 2028-03-05
- Latest possible deadline
- —
- Trust per share
- $10.11
- Sponsor
- Kensington Capital Sponsor VI LLC
- Sponsor's earlier SPACs
- 4 (2 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 KCAC.W
When does the KCAC.W 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 KCAC.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many KCAC.W warrants are outstanding?
23.00M listed warrants, equal to 70.0% dilution if all are exercised.