T3 Defense Inc. (DFNSW) Warrant
Each DFNSW warrant gives the holder the right to buy 1/1,000 share of T3 Defense Inc. at $11,500 per share, until December 22, 2028. The stock last closed at $7.34, below the strike, so the warrant is out of the money. T3 Defense Inc. has a market value of about $12.21M. There are 6.44M listed warrants; exercising all of them would add 0.4% to the 1.66M shares outstanding. The company can call the warrants if the stock trades at or above $16.50.
Key terms
- Strike per share
- $11,500
- Shares per warrant
- 1/1,000
- Cash to exercise one warrant
- $11.50
- Expiry
- 2028-12-22
- Redemption trigger
- $16.50
- Cashless exercise
- allowed
- Break-even stock price
- $11,565
From the issuer's S-1/A (2020-06-05).
Company and stock
- Company
- T3 Defense Inc.
- Underlying stock
- DFNS
- Share price
- $7.34
- Market cap
- $12.21M
- Shares outstanding
- 1.66M
- 12-month range
- $3.90 – $1,652
- 12-month change
- -99%
- Value of all listed warrants
- $416.02K (3.4% of market cap)
- Industry
- Services: Management Consulting Services
- Head office
- New York, NY
- Incorporated in
- Delaware
Market cap is the last share price times shares outstanding (as of 2026-08-14). 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
- $0.0646
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Dilution
- Shares outstanding
- 1.66M
- Listed warrants
- 6.44M
- Dilution if all exercised
- 0.4%
Warrant count from filing notes, read by hand (medium): Public Warrants (legacy Brilliant Acquisition BRLIW + backstop-pool public warrants), $11.50 original.
Filings and events
- New Issue · S-1/A
- New Issue · S-1/A
- Reverse split 1:125
- Reverse split 1:8
- Merger closed; the warrants became warrants of the combined company
- Terms source: S-1/A
Questions about DFNSW
When does the DFNSW warrant expire?
DFNSW expires on December 22, 2028.
What is the strike price of DFNSW?
$11,500 per share; each warrant converts into 1/1,000 share, so exercising one warrant costs $11.50.
Can T3 Defense Inc. redeem the DFNSW warrants early?
Yes. The company can call them if the share price reaches $16.50 for the required period (usually 20 of 30 trading days).
How many DFNSW warrants are outstanding?
6.44M listed warrants, equal to 0.4% dilution if all are exercised.
Related warrants
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