Renatus Tactical Acquisition Corp I (RTACW) Warrant
Each RTACW warrant gives the holder the right to buy 1 share of Renatus Tactical Acquisition Corp I 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. Renatus Tactical Acquisition Corp I has a market value of about $325.32M. Renatus Tactical Acquisition Corp I is a SPAC (no deal announced yet). It must complete a deal by May 16, 2027 or the warrants expire worthless. There are 12.07M listed warrants; exercising all of them would add 38.8% to the 31.16M 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
- $12.00
From the issuer's S-1/A (2025-05-13).
Company and stock
- Company
- Renatus Tactical Acquisition Corp I
- Underlying stock
- RTAC
- Share price
- $10.44
- Market cap
- $325.32M
- Shares outstanding
- 31.16M
- 12-month range
- $10.28 – $11.48
- 12-month change
- -6%
- Value of all listed warrants
- $6.03M (1.9% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman, Cayman Islands
- 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
- $0.4990
- Price / model
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Dilution
- Shares outstanding
- 31.16M
- Listed warrants
- 12.07M
- Dilution if all exercised
- 38.8%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-05-16
- Latest possible deadline
- —
- Trust per share
- $10.28
- Sponsor
- International SPAC Management Group I 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 RTACW
When does the RTACW 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 RTACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many RTACW warrants are outstanding?
12.07M listed warrants, equal to 38.8% dilution if all are exercised.
Related warrants
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