Nova Minerals Corp (NVA.W) Warrant
Each NVA.W warrant gives the holder the right to buy 1.6667 shares of Nova Minerals Corp at $1.45 per share, until July 25, 2029. The stock last closed at $5.76, above the strike, so the warrant is in the money. Nova Minerals Corp has a market value of about $220.00M. There are 594.62K listed warrants; exercising all of them would add 2.6% to the 38.19M shares outstanding.
NVA vs strike, last 12 months
No share-price history for NVA yet.
Key terms
- Strike per share
- $1.45
- Shares per warrant
- 1.6667
- Cash to exercise one warrant
- $2.42
- Expiry
- 2029-07-25
- Redemption trigger
- none stated
- Cashless exercise
- allowed
- Break-even stock price
- $6.85
From the issuer's 424B4 (2025-07-15).
Company and stock
- Company
- Nova Minerals Corp
- Underlying stock
- NVA
- Share price
- $5.76
- Market cap
- $220.00M
- Shares outstanding
- 38.19M
- Value of all listed warrants
- $5.35M (2.4% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-09-30). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $8.99
- Price / model
Get Pro to see whether NVA.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 38.19M
- Listed warrants
- 594.62K
- Dilution if all exercised
- 2.6%
Warrant count from XBRL (single class reported).
Filings and events
Questions about NVA.W
When does the NVA.W warrant expire?
NVA.W expires on July 25, 2029.
What is the strike price of NVA.W?
$1.45 per share; each warrant converts into 1.6667 share, so exercising one warrant costs $2.42.
Can Nova Minerals Corp redeem the NVA.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many NVA.W warrants are outstanding?
594.62K listed warrants, equal to 2.6% dilution if all are exercised.