Archimedes Tech SPAC Partners III Co. (ARCIW) Warrant
Each ARCIW warrant gives the holder the right to buy 1 share of Archimedes Tech SPAC Partners III Co. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.08, below the strike, so the warrant is out of the money. Archimedes Tech SPAC Partners III Co. has a market value of about $355.44M. Archimedes Tech SPAC Partners III Co. is a SPAC (no deal announced yet). It must complete a deal by January 26, 2028 or the warrants expire worthless. There are 6.90M listed warrants; exercising all of them would add 19.6% to the 35.26M 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
- $11.91
From the issuer's S-1/A (2026-01-20).
Company and stock
- Company
- Archimedes Tech SPAC Partners III Co.
- Underlying stock
- ARCI
- Share price
- $10.08
- Market cap
- $355.44M
- Shares outstanding
- 35.26M
- Range since Mar 2026
- $9.84 – $10.17
- Change since Mar 2026
- +2%
- Value of all listed warrants
- $2.83M (0.8% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Claymont, DE
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 2026-08-12). 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
- $0.4100
- Price / model
Pro will show whether ARCIW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 35.26M
- Listed warrants
- 6.90M
- Dilution if all exercised
- 19.6%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-01-26
- Latest possible deadline
- 2028-01-26
- Trust per share
- $10.15
- Sponsor
- Archimedes Tech SPAC Sponsors III LLC
- Sponsor's earlier SPACs
- 2 (1 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 ARCIW
When does the ARCIW 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 ARCIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many ARCIW warrants are outstanding?
6.90M listed warrants, equal to 19.6% dilution if all are exercised.
Related warrants
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