AleAnna, Inc. (ANNAW) Warrant
Each ANNAW warrant gives the holder the right to buy 1 share of AleAnna, Inc. at $11.50 per share, until December 13, 2029. The stock last closed at $2.67, below the strike, so the warrant is out of the money. AleAnna, Inc. has a market value of about $178.71M. There are 11.15M listed warrants; exercising all of them would add 16.7% to the 66.93M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2029-12-13
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.78
From the issuer's S-1/A (2021-12-02).
Company and stock
- Company
- AleAnna, Inc.
- Underlying stock
- ANNA
- Share price
- $2.67
- Market cap
- $178.71M
- Shares outstanding
- 66.93M
- 12-month range
- $2.31 – $10.24
- 12-month change
- -36%
- Value of all listed warrants
- $3.17M (1.8% of market cap)
- Industry
- Crude Petroleum & Natural Gas
- Head office
- Dallas, TX
- Incorporated in
- Delaware
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
- $0.2840
- Price / model
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Dilution
- Shares outstanding
- 66.93M
- Listed warrants
- 11.15M
- Dilution if all exercised
- 16.7%
Warrant count from filing notes, read by hand (high): Public Warrants (ex-Swiftmerge IPO).
Filings and events
- Merger closed; the warrants became warrants of the combined company
- Terms source: S-1/A
Questions about ANNAW
When does the ANNAW warrant expire?
ANNAW expires on December 13, 2029.
What is the strike price of ANNAW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can AleAnna, Inc. redeem the ANNAW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many ANNAW warrants are outstanding?
11.15M listed warrants, equal to 16.7% dilution if all are exercised.
Related warrants
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