Noble Corporation plc Tranche 1 (NE.W) Warrant
Each NE.W warrant gives the holder the right to buy 1 share of Noble Corporation plc Tranche 1 at $19.27 per share, until February 4, 2028. The stock last closed at $40.70, above the strike, so the warrant is in the money. Noble Corporation plc Tranche 1 has a market value of about $6.50B. There are 749.47K listed warrants; exercising all of them would add 0.5% to the 159.64M shares outstanding.
Key terms
- Strike per share
- $19.27
- Shares per warrant
- 1
- Cash to exercise one warrant
- $19.27
- Expiry
- 2028-02-04
- Redemption trigger
- none stated
- Cashless exercise
- allowed
- Break-even stock price
- $40.57
From the issuer's 424B3 (2024-07-25).
Company and stock
- Company
- Noble Corporation plc Tranche 1
- Underlying stock
- NE
- Share price
- $40.70
- Market cap
- $6.50B
- Shares outstanding
- 159.64M
- 12-month range
- $26.70 – $54.37
- 12-month change
- +39%
- Value of all listed warrants
- $15.96M (0.2% of market cap)
- Industry
- Drilling Oil & Gas Wells
- Head office
- Houston, TX
- Incorporated in
- United Kingdom
Market cap is the last share price times shares outstanding (as of 2026-07-24). 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
- $21.30
- Price / model
Pro will show whether NE.W is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 159.64M
- Listed warrants
- 749.47K
- Dilution if all exercised
- 0.5%
Warrant count from filing notes, read by hand (medium): Tranche 1 Warrants (NE WS).
Filings and events
Questions about NE.W
When does the NE.W warrant expire?
NE.W expires on February 4, 2028.
What is the strike price of NE.W?
$19.27 per share; each warrant converts into 1 share, so exercising one warrant costs $19.27.
Can Noble Corporation plc Tranche 1 redeem the NE.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many NE.W warrants are outstanding?
749.47K listed warrants, equal to 0.5% dilution if all are exercised.
Related warrants
Get an email when alerts for NE.W open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow NE.W.