Presidio Production Company (FTW.W) Warrant
Each FTW.W warrant gives the holder the right to buy 1 share of Presidio Production Company at $11.50 per share, until March 4, 2031. The stock last closed at $9.84, below the strike, so the warrant is out of the money. Presidio Production Company has a market value of about $308.25M. There are 11.67M listed warrants; exercising all of them would add 37.2% to the 31.33M 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
- 2031-03-04
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.45
From the issuer's 424B3 (2026-08-13).
Company and stock
- Company
- Presidio Production Company
- Underlying stock
- FTW
- Share price
- $9.84
- Market cap
- $308.25M
- Shares outstanding
- 31.33M
- 12-month range
- $9.84 – $13.92
- 12-month change
- -5%
- Value of all listed warrants
- $11.08M (3.6% of market cap)
- Industry
- Crude Petroleum & Natural Gas
- Head office
- Park City, UT
- Incorporated in
- Delaware
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
- $0.9500
- Price / model
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Dilution
- Shares outstanding
- 31.33M
- Listed warrants
- 11.67M
- Dilution if all exercised
- 37.2%
Warrant count from filing iXBRL: PublicWarrantsMember.
Filings and events
- Terms source: 424B3
- Merger closed; the warrants became warrants of the combined company
Questions about FTW.W
When does the FTW.W warrant expire?
FTW.W expires on March 4, 2031.
What is the strike price of FTW.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Presidio Production Company redeem the FTW.W 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 FTW.W warrants are outstanding?
11.67M listed warrants, equal to 37.2% dilution if all are exercised.
Related warrants
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