Algoma Steel Group Inc. (ASTLW) Warrant
Each ASTLW warrant gives the holder the right to buy 1 share of Algoma Steel Group Inc. at $11.50 per share, until October 19, 2026. The stock last closed at $4.34, below the strike, so the warrant is out of the money. Algoma Steel Group Inc. has a market value of about $455.41M. There are 23.57M listed warrants; exercising all of them would add 22.5% to the 104.93M 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
- 2026-10-19
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.50
From the issuer's 424B3 (2023-06-22).
Company and stock
- Company
- Algoma Steel Group Inc.
- Underlying stock
- ASTL
- Share price
- $4.34
- Market cap
- $455.41M
- Shares outstanding
- 104.93M
- 12-month range
- $3.19 – $5.80
- 12-month change
- +28%
- Value of all listed warrants
- $87.23K (0.0% of market cap)
- Industry
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Head office
- Sault Ste. Marie, Ontario, Canada
- Incorporated in
- British Columbia, Canada
Market cap is the last share price times shares outstanding (as of 2025-12-31). 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
- $0.0037
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Dilution
- Shares outstanding
- 104.93M
- Listed warrants
- 23.57M
- Dilution if all exercised
- 22.5%
Warrant count from filing text: public warrants.
Filings and events
Questions about ASTLW
When does the ASTLW warrant expire?
ASTLW expires on October 19, 2026.
What is the strike price of ASTLW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Algoma Steel Group Inc. redeem the ASTLW 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 ASTLW warrants are outstanding?
23.57M listed warrants, equal to 22.5% dilution if all are exercised.
Related warrants
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