FIGX Capital Acquisition Corp. - one-half of one (FIGXW) Warrant
Each FIGXW warrant gives the holder the right to buy 1 share of FIGX Capital Acquisition Corp. - one-half of one at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.32, below the strike, so the warrant is out of the money. FIGX Capital Acquisition Corp. - one-half of one has a market value of about $200.06M. FIGX Capital Acquisition Corp. - one-half of one is a SPAC (no deal announced yet). It must complete a deal by June 30, 2027 or the warrants expire worthless. There are 7.53M listed warrants; exercising all of them would add 38.9% to the 19.39M 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
- $11.66
From the issuer's S-1/A (2025-06-17).
Company and stock
- Company
- FIGX Capital Acquisition Corp. - one-half of one
- Underlying stock
- FIGX
- Share price
- $10.32
- Market cap
- $200.06M
- Shares outstanding
- 19.39M
- 12-month range
- $9.99 – $10.36
- 12-month change
- +3%
- Value of all listed warrants
- $1.21M (0.6% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Tiburon, CA
- Incorporated in
- Cayman Islands
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
- $0.1600
- Price / model
Pro will show whether FIGXW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 19.39M
- Listed warrants
- 7.53M
- Dilution if all exercised
- 38.9%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-06-30
- Latest possible deadline
- 2027-06-30
- Trust per share
- $10.39
- Sponsor
- FIGX Acquisition Partners 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 FIGXW
When does the FIGXW 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 FIGXW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many FIGXW warrants are outstanding?
7.53M listed warrants, equal to 38.9% dilution if all are exercised.
Related warrants
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