Republic Digital Acquisition Company (RDAGW) Warrant
Each RDAGW warrant gives the holder the right to buy 1 share of Republic Digital Acquisition Company at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.44, below the strike, so the warrant is out of the money. Republic Digital Acquisition Company has a market value of about $391.50M. Republic Digital Acquisition Company is a SPAC (no deal announced yet). It must complete a deal by May 2, 2027 or the warrants expire worthless. There are 15.00M listed warrants; exercising all of them would add 40.0% to the 37.50M 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
- allowed
- Break-even stock price
- $11.75
From the issuer's S-1/A (2025-04-01).
Company and stock
- Company
- Republic Digital Acquisition Company
- Underlying stock
- RDAG
- Share price
- $10.44
- Market cap
- $391.50M
- Shares outstanding
- 37.50M
- 12-month range
- $10.12 – $10.45
- 12-month change
- +2%
- Value of all listed warrants
- $3.75M (1.0% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- New York, NY
- Incorporated in
- Cayman Islands
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
- $0.2500
- Price / model
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Dilution
- Shares outstanding
- 37.50M
- Listed warrants
- 15.00M
- Dilution if all exercised
- 40.0%
Warrant count from filing iXBRL: PublicWarrantMember|WarrantMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-05-02
- Latest possible deadline
- —
- Trust per share
- $10.45
- Sponsor
- Republic Sponsor 1 LLC
- Sponsor's earlier SPACs
- 0 (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 RDAGW
When does the RDAGW 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 RDAGW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many RDAGW warrants are outstanding?
15.00M listed warrants, equal to 40.0% dilution if all are exercised.
Related warrants
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