Apogee Acquisition Corp (AACPW) Warrant
Each AACPW warrant gives the holder the right to buy 1 share of Apogee Acquisition Corp at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.07, below the strike, so the warrant is out of the money. Apogee Acquisition Corp has a market value of about $236.34M. Apogee Acquisition Corp is a SPAC (no deal announced yet). It must complete a deal by July 8, 2027 or the warrants expire worthless. There are 21.95M listed warrants; exercising all of them would add 93.5% to the 23.47M shares outstanding.
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
- allowed
- Break-even stock price
- $11.59
From the issuer's S-1/A (2026-04-01).
Company and stock
- Company
- Apogee Acquisition Corp
- Underlying stock
- AACP
- Share price
- $10.07
- Market cap
- $236.34M
- Shares outstanding
- 23.47M
- Range since May 2026
- $9.95 – $10.10
- Change since May 2026
- +1%
- Value of all listed warrants
- $1.98M (0.8% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Cheyenne, WY
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0900
- Price / model
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Dilution
- Shares outstanding
- 23.47M
- Listed warrants
- 21.95M
- Dilution if all exercised
- 93.5%
Warrant count from XBRL (single class reported).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-07-08
- Latest possible deadline
- 2027-07-08
- Trust per share
- $10.13
- Sponsor
- Apogee Acquisition Sponsor LLC
- Sponsor's earlier SPACs
- 0 (0 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 AACPW
When does the AACPW 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 AACPW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many AACPW warrants are outstanding?
21.95M listed warrants, equal to 93.5% dilution if all are exercised.
Related warrants
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