Semnur Pharmaceuticals, Inc. (SMNRW) Warrant
Each SMNRW warrant gives the holder the right to buy 1 share of Semnur Pharmaceuticals, Inc. at $11.50 per share, until September 22, 2030. There are 7.43M listed warrants; exercising all of them would add 3.2% to the 230.21M shares outstanding. The company can call the warrants if the stock trades at or above $16.50.
Stock vs strike, last 12 months
No share-price history for the stock yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2030-09-22
- Redemption trigger
- $16.50
- Cashless exercise
- allowed
- Break-even stock price
- —
From the issuer's 424B3 (2026-06-15).
Company and stock
- Company
- Semnur Pharmaceuticals, Inc.
- Underlying stock
- —
- Share price
- —
- Market cap
- —
- Shares outstanding
- 230.21M
Market cap is the last share price times shares outstanding (as of 2026-08-10). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- —
- Price / model
Get Pro to see whether SMNRW is cheap or rich against our model.
Dilution
- Shares outstanding
- 230.21M
- Listed warrants
- 7.43M
- Dilution if all exercised
- 3.2%
Warrant count from filing text: public warrants.
Filings and events
Questions about SMNRW
When does the SMNRW warrant expire?
SMNRW expires on September 22, 2030.
What is the strike price of SMNRW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Semnur Pharmaceuticals, Inc. redeem the SMNRW warrants early?
Yes. The company can call them if the share price reaches $16.50 for the required period (usually 20 of 30 trading days).
How many SMNRW warrants are outstanding?
7.43M listed warrants, equal to 3.2% dilution if all are exercised.