Noble Corporation plc Tranche 1 (NE.W) Warrant
Each NE.W warrant gives the holder the right to buy 1 share of Noble Corporation plc Tranche 1 at $19.27 per share, until February 4, 2028. The stock last closed at $40.70, above the strike, so the warrant is in the money. Noble Corporation plc Tranche 1 has a market value of about $6.50B. There are 749.47K listed warrants; exercising all of them would add 0.5% to the 159.64M shares outstanding.
NE vs strike, last 12 months
No share-price history for NE yet.
Key terms
- Strike per share
- $19.27
- Shares per warrant
- 1
- Cash to exercise one warrant
- $19.27
- Expiry
- 2028-02-04
- Redemption trigger
- none stated
- Cashless exercise
- allowed
- Break-even stock price
- $40.57
From the issuer's 424B3 (2024-07-25).
Company and stock
- Company
- Noble Corporation plc Tranche 1
- Underlying stock
- NE
- Share price
- $40.70
- Market cap
- $6.50B
- Shares outstanding
- 159.64M
- Value of all listed warrants
- $15.96M (0.2% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-07-24). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $21.30
- Price / model
Get Pro to see whether NE.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 159.64M
- Listed warrants
- 749.47K
- Dilution if all exercised
- 0.5%
Warrant count from filing notes, read by hand (medium): Tranche 1 Warrants (NE WS).
Filings and events
Questions about NE.W
When does the NE.W warrant expire?
NE.W expires on February 4, 2028.
What is the strike price of NE.W?
$19.27 per share; each warrant converts into 1 share, so exercising one warrant costs $19.27.
Can Noble Corporation plc Tranche 1 redeem the NE.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many NE.W warrants are outstanding?
749.47K listed warrants, equal to 0.5% dilution if all are exercised.