MOZAYYX Acquisition Corp. (MZYX.W) Warrant
Each MZYX.W warrant gives the holder the right to buy 1 share of MOZAYYX Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.99, below the strike, so the warrant is out of the money. MOZAYYX Acquisition Corp. has a market value of about $374.62M. MOZAYYX Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by February 26, 2028 or the warrants expire worthless. There are 11.11M listed warrants; exercising all of them would add 29.6% to the 37.50M shares outstanding.
MZYX vs strike, last 12 months
No share-price history for MZYX 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
- $11.94
From the issuer's S-1/A (2026-02-20).
Company and stock
- Company
- MOZAYYX Acquisition Corp.
- Underlying stock
- MZYX
- Share price
- $9.99
- Market cap
- $374.62M
- Shares outstanding
- 37.50M
- Value of all listed warrants
- $4.89M (1.3% 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
- $0.4402
- Price / model
Get Pro to see whether MZYX.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 37.50M
- Listed warrants
- 11.11M
- Dilution if all exercised
- 29.6%
Warrant count from XBRL (single class reported).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-02-26
- Latest possible deadline
- —
- Trust per share
- $10.12
- Sponsor
- MOZAYYX Acquisition Sponsor LLC
- 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 MZYX.W
When does the MZYX.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 MZYX.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many MZYX.W warrants are outstanding?
11.11M listed warrants, equal to 29.6% dilution if all are exercised.