New America Acquisition I Corp. (NWAX.W) Warrant
Each NWAX.W warrant gives the holder the right to buy 1 share of New America Acquisition I Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.07, below the strike, so the warrant is out of the money. New America Acquisition I Corp. has a market value of about $501.49M. New America Acquisition I Corp. is a SPAC (no deal announced yet). It must complete a deal by June 5, 2027 or the warrants expire worthless. There are 17.55M listed warrants; exercising all of them would add 35.2% to the 49.80M 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
- $11.87
From the issuer's S-1/A (2025-10-31).
Company and stock
- Company
- New America Acquisition I Corp.
- Underlying stock
- NWAX
- Share price
- $10.07
- Market cap
- $501.49M
- Shares outstanding
- 49.80M
- Range since Jan 2026
- $10.00 – $10.22
- Change since Jan 2026
- -1%
- Value of all listed warrants
- $6.52M (1.3% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- New York, NY
- Incorporated in
- Florida
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
- $0.3715
- Price / model
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Dilution
- Shares outstanding
- 49.80M
- Listed warrants
- 17.55M
- Dilution if all exercised
- 35.2%
Warrant count from XBRL (single class reported).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-06-05
- Latest possible deadline
- 2027-12-05
- Trust per share
- $10.20
- Sponsor
- New America Sponsor I LLC
- Sponsor's earlier SPACs
- 1 (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 NWAX.W
When does the NWAX.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 NWAX.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many NWAX.W warrants are outstanding?
17.55M listed warrants, equal to 35.2% dilution if all are exercised.
Related warrants
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