Rainier Acquisition Corporation (RNAQW) Warrant
Each RNAQW warrant gives the holder the right to buy 1 share of Rainier Acquisition Corporation at $11.50 per share, until August 24, 2027. The stock last closed at $10.05, below the strike, so the warrant is out of the money. Rainier Acquisition Corporation has a market value of about $110.36M. There are 2.16M listed warrants; exercising all of them would add 19.6% to the 10.98M shares outstanding. The company can call the warrants if the stock trades at or above $16.50.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2027-08-24
- Redemption trigger
- $16.50
- Cashless exercise
- allowed
- Break-even stock price
- $11.92
From the issuer's S-1/A (2026-08-24).
Company and stock
- Company
- Rainier Acquisition Corporation
- Underlying stock
- RNAQ
- Share price
- $10.05
- Market cap
- $110.36M
- Shares outstanding
- 10.98M
- Range since Sep 2026
- $10.03 – $10.18
- Change since Sep 2026
- -1%
- Value of all listed warrants
- $905.62K (0.8% 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 2026-09-02). 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
- $0.4200
- Price / model
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Dilution
- Shares outstanding
- 10.98M
- Listed warrants
- 2.16M
- Dilution if all exercised
- 19.6%
Warrant count from filing notes, read by hand (high): Public Warrants (one-quarter warrant per IPO unit).
Filings and events
Questions about RNAQW
When does the RNAQW warrant expire?
RNAQW expires on August 24, 2027.
What is the strike price of RNAQW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Rainier Acquisition Corporation redeem the RNAQW warrants early?
Yes. The company can call them if the share price reaches $16.50 for the required period (usually 20 of 30 trading days).
How many RNAQW warrants are outstanding?
2.16M listed warrants, equal to 19.6% dilution if all are exercised.
Related warrants
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