Kensington Capital Acquisition Corp. VI Class 1 (KCAC.W) Warrant
Each KCAC.W warrant gives the holder the right to buy 1 share of Kensington Capital Acquisition Corp. VI Class 1 at $11.50 per share, for five years after the company completes its merger. Kensington Capital Acquisition Corp. VI Class 1 is a SPAC (deal signed with Nth Cycle, Inc.). It must complete a deal by March 5, 2028 or the warrants expire worthless. There are 23.00M listed warrants; exercising all of them would add 70.0% to the 32.86M shares outstanding.
No share-price history for KCAC yet.
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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
- $12.88
From the issuer's 424B4 (2026-03-05).
Company and stock
- Company
- Kensington Capital Acquisition Corp. VI Class 1
- Underlying stock
- KCAC
- Shares outstanding
- 32.86M
- Value of all listed warrants
- $31.74M
- Industry
- Industrial Inorganic Chemicals
- Head office
- Westbury, NY
- Incorporated in
- Cayman Islands
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
- $1.38
- Price / model
Pro will show whether KCAC.W is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 32.86M
- Listed warrants
- 23.00M
- Dilution if all exercised
- 70.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Nth Cycle, Inc.
- Deal announced
- 2026-07-21
- Deadline
- 2028-03-05
- Latest possible deadline
- —
- Trust per share
- $10.11
- Sponsor
- Kensington Capital Sponsor VI LLC
- Sponsor's earlier SPACs
- 4 (2 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 KCAC.W
When does the KCAC.W 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 KCAC.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many KCAC.W warrants are outstanding?
23.00M listed warrants, equal to 70.0% dilution if all are exercised.
Related warrants
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