Bain Capital GSS Investment Corp. (BCSS.W) Warrant
Each BCSS.W warrant gives the holder the right to buy 1 share of Bain Capital GSS Investment Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.28, below the strike, so the warrant is out of the money. Bain Capital GSS Investment Corp. has a market value of about $600.35M. Bain Capital GSS Investment Corp. is a SPAC (no deal announced yet). It must complete a deal by October 1, 2027 or the warrants expire worthless. There are 9.20M listed warrants; exercising all of them would add 15.8% to the 58.40M 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
- $12.15
From the issuer's S-1/A (2025-09-17).
Company and stock
- Company
- Bain Capital GSS Investment Corp.
- Underlying stock
- BCSS
- Share price
- $10.28
- Market cap
- $600.35M
- Shares outstanding
- 58.40M
- Range since Nov 2025
- $10.06 – $10.34
- Change since Nov 2025
- +2%
- Value of all listed warrants
- $5.98M (1.0% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- George Town
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
- $0.6500
- Price / model
Pro will show whether BCSS.W is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 58.40M
- Listed warrants
- 9.20M
- Dilution if all exercised
- 15.8%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-10-01
- Latest possible deadline
- 2028-01-01
- Trust per share
- $10.29
- Sponsor
- Bain Capital GSS Investment 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 BCSS.W
When does the BCSS.W 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 BCSS.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many BCSS.W warrants are outstanding?
9.20M listed warrants, equal to 15.8% dilution if all are exercised.
Related warrants
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