Osprey Acquisition Corp. III (OSPRW) Warrant
Each OSPRW warrant gives the holder the right to buy 1 share of Osprey Acquisition Corp. III at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.82, below the strike, so the warrant is out of the money. Osprey Acquisition Corp. III has a market value of about $402.78M. Osprey Acquisition Corp. III is a SPAC (no deal announced yet). It must complete a deal by July 2, 2028 or the warrants expire worthless. There are 10.01M listed warrants; exercising all of them would add 24.4% to the 41.02M shares outstanding.
OSPR vs strike, last 12 months
No share-price history for OSPR 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
- $11.85
From the issuer's 8-K (2026-07-07).
Company and stock
- Company
- Osprey Acquisition Corp. III
- Underlying stock
- OSPR
- Share price
- $9.82
- Market cap
- $402.78M
- Shares outstanding
- 41.02M
- Value of all listed warrants
- $3.50M (0.9% 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
- $0.3500
- Price / model
Get Pro to see whether OSPRW is cheap or rich against our model.
Dilution
- Shares outstanding
- 41.02M
- Listed warrants
- 10.01M
- Dilution if all exercised
- 24.4%
Warrant count from filing notes, read by hand (high): Public Warrants (one-third warrant per unit).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-07-02
- Latest possible deadline
- —
- Trust per share
- $10.20
- Sponsor
- Osprey Acquisition Sponsor III LLC
- Sponsor's earlier SPACs
- 2 (2 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 OSPRW
When does the OSPRW 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 OSPRW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many OSPRW warrants are outstanding?
10.01M listed warrants, equal to 24.4% dilution if all are exercised.