Highview Merger Corp. (HVMCW) Warrant
Each HVMCW warrant gives the holder the right to buy 1 share of Highview Merger Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.27, below the strike, so the warrant is out of the money. Highview Merger Corp. has a market value of about $302.04M. Highview Merger Corp. is a SPAC (no deal announced yet). It must complete a deal by August 13, 2027 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 39.1% to the 29.41M 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
- $11.71
From the issuer's 424B4 (2025-08-12).
Company and stock
- Company
- Highview Merger Corp.
- Underlying stock
- HVMC
- Share price
- $10.27
- Market cap
- $302.04M
- Shares outstanding
- 29.41M
- 12-month range
- $9.94 – $10.27
- 12-month change
- +3%
- Value of all listed warrants
- $2.42M (0.8% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Delray Beach, FL
- 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
- $0.2100
- Price / model
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Dilution
- Shares outstanding
- 29.41M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 39.1%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-08-13
- Latest possible deadline
- —
- Trust per share
- $10.33
- Sponsor
- Highview Sponsor Co. 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 HVMCW
When does the HVMCW 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 HVMCW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many HVMCW warrants are outstanding?
11.50M listed warrants, equal to 39.1% dilution if all are exercised.
Related warrants
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