Murano Global Investments PLC (MRNOW) Warrant
Each MRNOW warrant gives the holder the right to buy 1 share of Murano Global Investments PLC at $11.50 per share, until March 20, 2029. The stock last closed at $0.27, below the strike, so the warrant is out of the money. Murano Global Investments PLC has a market value of about $21.36M. There are 14.30M listed warrants; exercising all of them would add 17.9% to the 79.72M 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
- 2029-03-20
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.51
From the issuer's 424B3 (2025-06-26).
Company and stock
- Company
- Murano Global Investments PLC
- Underlying stock
- MRNO
- Share price
- $0.27
- Market cap
- $21.36M
- Shares outstanding
- 79.72M
- 12-month range
- $0.19 – $2.84
- 12-month change
- -90%
- Value of all listed warrants
- $102.98K (0.5% of market cap)
- Industry
- Hotels & Motels
- Head office
- London, United Kingdom
- Incorporated in
- Jersey
Market cap is the last share price times shares outstanding (as of 2025-12-31). 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
- $0.0072
- Price / model
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Dilution
- Shares outstanding
- 79.72M
- Listed warrants
- 14.30M
- Dilution if all exercised
- 17.9%
Warrant count from filing notes, read by hand (medium): Warrants (former HCM Acquisition public warrants).
Filings and events
- Terms source: 424B3
- Merger closed; the warrants became warrants of the combined company
Questions about MRNOW
When does the MRNOW warrant expire?
MRNOW expires on March 20, 2029.
What is the strike price of MRNOW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Murano Global Investments PLC redeem the MRNOW 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 MRNOW warrants are outstanding?
14.30M listed warrants, equal to 17.9% dilution if all are exercised.
Related warrants
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