LightWave Acquisition Corp. (LWACW) Warrant
Each LWACW warrant gives the holder the right to buy 1 share of LightWave Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.35, below the strike, so the warrant is out of the money. LightWave Acquisition Corp. has a market value of about $311.28M. LightWave Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by June 26, 2027 or the warrants expire worthless. There are 10.78M listed warrants; exercising all of them would add 35.9% to the 30.07M shares outstanding.
LWAC vs strike, last 12 months
No share-price history for LWAC 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
- $11.62
From the issuer's S-1/A (2025-06-16).
Company and stock
- Company
- LightWave Acquisition Corp.
- Underlying stock
- LWAC
- Share price
- $10.35
- Market cap
- $311.28M
- Shares outstanding
- 30.07M
- Value of all listed warrants
- $1.32M (0.4% 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
- $0.1227
- Price / model
Get Pro to see whether LWACW is cheap or rich against our model.
Dilution
- Shares outstanding
- 30.07M
- Listed warrants
- 10.78M
- Dilution if all exercised
- 35.9%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-06-26
- Latest possible deadline
- 2027-06-26
- Trust per share
- $10.39
- Sponsor
- LightWave Founders LLC
- Sponsor's earlier SPACs
- 1 (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 LWACW
When does the LWACW 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 LWACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many LWACW warrants are outstanding?
10.78M listed warrants, equal to 35.9% dilution if all are exercised.