newcleo plc (NWCLW) Warrant
Each NWCLW warrant gives the holder the right to buy 1 share of newcleo plc at $11.50 per share, until September 21, 2031. The stock last closed at $7.99, below the strike, so the warrant is out of the money. newcleo plc has a market value of about $2.25B. There are 10.06M listed warrants; exercising all of them would add 3.6% to the 281.53M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
NWCL vs strike, last 12 months
No share-price history for NWCL yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2031-09-21
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.60
From the issuer's 424B3 (2026-08-10).
Company and stock
- Company
- newcleo plc
- Underlying stock
- NWCL
- Share price
- $7.99
- Market cap
- $2.25B
- Shares outstanding
- 281.53M
- Value of all listed warrants
- $11.07M (0.5% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-09-21). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.10
- Price / model
Get Pro to see whether NWCLW is cheap or rich against our model.
Dilution
- Shares outstanding
- 281.53M
- Listed warrants
- 10.06M
- Dilution if all exercised
- 3.6%
Warrant count from filing notes, read by hand (medium): Public Warrants (NewHold Investment Corp III, converted 1:1 into newcleo warrants).
Filings and events
- Merger closed; the warrants became warrants of the combined company
- Terms source: 424B3
Questions about NWCLW
When does the NWCLW warrant expire?
NWCLW expires on September 21, 2031.
What is the strike price of NWCLW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can newcleo plc redeem the NWCLW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many NWCLW warrants are outstanding?
10.06M listed warrants, equal to 3.6% dilution if all are exercised.