Snow Rothschild Acquisition Corp. (ISNRW) Warrant
Each ISNRW warrant gives the holder the right to buy 1 share of Snow Rothschild Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.84, below the strike, so the warrant is out of the money. Snow Rothschild Acquisition Corp. has a market value of about $277.98M. Snow Rothschild Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by June 10, 2028 or the warrants expire worthless. There are 11.30M listed warrants; exercising all of them would add 40.0% to the 28.25M 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
- no
- Break-even stock price
- $11.72
From the issuer's 8-K (2026-06-12).
Company and stock
- Company
- Snow Rothschild Acquisition Corp.
- Underlying stock
- ISNR
- Share price
- $9.84
- Market cap
- $277.98M
- Shares outstanding
- 28.25M
- Range since Jul 2026
- $9.80 – $9.94
- Change since Jul 2026
- -1%
- Value of all listed warrants
- $2.49M (0.9% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- New York, NY
- 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
- $0.2200
- Price / model
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Dilution
- Shares outstanding
- 28.25M
- Listed warrants
- 11.30M
- Dilution if all exercised
- 40.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-06-10
- Latest possible deadline
- —
- Trust per share
- $10.02
- Sponsor
- Snow Rothschild Acquisition 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 ISNRW
When does the ISNRW 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 ISNRW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many ISNRW warrants are outstanding?
11.30M listed warrants, equal to 40.0% dilution if all are exercised.
Related warrants
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