Valaris Limited (VAL.W) Warrant
Each VAL.W warrant gives the holder the right to buy 1 share of Valaris Limited at $131.88 per share, until April 29, 2028. The stock last closed at $78.39, below the strike, so the warrant is out of the money. Valaris Limited has a market value of about $5.44B. There are 5.47M listed warrants; exercising all of them would add 7.9% to the 69.44M shares outstanding.
VAL vs strike, last 12 months
No share-price history for VAL yet.
Key terms
- Strike per share
- $131.88
- Shares per warrant
- 1
- Cash to exercise one warrant
- $131.88
- Expiry
- 2028-04-29
- Redemption trigger
- none stated
- Cashless exercise
- allowed
- Break-even stock price
- $140.12
From the issuer's S-1 (2021-06-11).
Company and stock
- Company
- Valaris Limited
- Underlying stock
- VAL
- Share price
- $78.39
- Market cap
- $5.44B
- Shares outstanding
- 69.44M
- Value of all listed warrants
- $45.08M (0.8% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-07-30). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $8.24
- Price / model
Get Pro to see whether VAL.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 69.44M
- Listed warrants
- 5.47M
- Dilution if all exercised
- 7.9%
Warrant count from XBRL (single class reported).
Filings and events
Questions about VAL.W
When does the VAL.W warrant expire?
VAL.W expires on April 29, 2028.
What is the strike price of VAL.W?
$131.88 per share; each warrant converts into 1 share, so exercising one warrant costs $131.88.
Can Valaris Limited redeem the VAL.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many VAL.W warrants are outstanding?
5.47M listed warrants, equal to 7.9% dilution if all are exercised.