Namib Minerals (NAMMW) Warrant
Each NAMMW warrant gives the holder the right to buy 1 share of Namib Minerals at $11.50 per share, until June 5, 2030. The stock last closed at $1.26, below the strike, so the warrant is out of the money. Namib Minerals has a market value of about $68.15M. There are 11.36M listed warrants; exercising all of them would add 21.0% to the 54.08M shares outstanding. The company can call the warrants if the stock trades at or above $10.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2030-06-05
- Redemption trigger
- $10.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.65
From the issuer's F-1/A (2025-07-14).
Company and stock
- Company
- Namib Minerals
- Underlying stock
- NAMM
- Share price
- $1.26
- Market cap
- $68.15M
- Shares outstanding
- 54.08M
- 12-month range
- $0.92 – $6.40
- 12-month change
- -60%
- Value of all listed warrants
- $1.76M (2.6% of market cap)
- Industry
- Gold and Silver Ores
- Head office
- Grand Cayman
- Incorporated in
- Cayman Islands
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
- $0.1550
- Price / model
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Dilution
- Shares outstanding
- 54.08M
- Listed warrants
- 11.36M
- Dilution if all exercised
- 21.0%
Warrant count from filing notes, read by hand (medium): Public Warrants (former Hennessy Capital Investment Corp. VI / Red Rock).
Filings and events
- Terms source: F-1/A
- Merger closed; the warrants became warrants of the combined company
Questions about NAMMW
When does the NAMMW warrant expire?
NAMMW expires on June 5, 2030.
What is the strike price of NAMMW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Namib Minerals redeem the NAMMW warrants early?
Yes. The company can call them if the share price reaches $10.00 for the required period (usually 20 of 30 trading days).
How many NAMMW warrants are outstanding?
11.36M listed warrants, equal to 21.0% dilution if all are exercised.
Related warrants
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