P3 Health Partners Inc. (PIIIW) Warrant
Each PIIIW warrant gives the holder the right to buy 1/50 share of P3 Health Partners Inc. at $575.00 per share, until December 3, 2026. The stock last closed at $6.36, below the strike, so the warrant is out of the money. P3 Health Partners Inc. has a market value of about $46.18M. There are 8.40M listed warrants; exercising all of them would add 2.3% to the 7.26M shares outstanding. The company can call the warrants if the stock trades at or above $10.00.
PIII vs strike, last 12 months
No share-price history for PIII yet.
Key terms
- Strike per share
- $575.00
- Shares per warrant
- 1/50
- Cash to exercise one warrant
- $11.50
- Expiry
- 2026-12-03
- Redemption trigger
- $10.00
- Cashless exercise
- allowed
- Break-even stock price
- $575.60
From the issuer's S-1/A (2023-05-17).
Company and stock
- Company
- P3 Health Partners Inc.
- Underlying stock
- PIII
- Share price
- $6.36
- Market cap
- $46.18M
- Shares outstanding
- 7.26M
- Value of all listed warrants
- $100.80K (0.2% 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
- $0.0120
- Price / model
Get Pro to see whether PIIIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 7.26M
- Listed warrants
- 8.40M
- Dilution if all exercised
- 2.3%
Warrant count from XBRL (single class reported).
Filings and events
- Terms source: S-1/A
- Merger closed; the warrants became warrants of the combined company
Questions about PIIIW
When does the PIIIW warrant expire?
PIIIW expires on December 3, 2026.
What is the strike price of PIIIW?
$575.00 per share; each warrant converts into 1/50 share, so exercising one warrant costs $11.50.
Can P3 Health Partners Inc. redeem the PIIIW warrants early?
Yes. The company can call them if the share price reaches $10.00 for the required period (usually 20 of 30 trading days).
How many PIIIW warrants are outstanding?
8.40M listed warrants, equal to 2.3% dilution if all are exercised.