Translational Development Acquisition Corp. (TDACW) Warrant
Each TDACW warrant gives the holder the right to buy 1 share of Translational Development Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.82, below the strike, so the warrant is out of the money. Translational Development Acquisition Corp. has a market value of about $208.92M. Translational Development Acquisition Corp. is a SPAC (deal signed with ProLogium Holding Inc.). It must complete a deal by October 24, 2026 or the warrants expire worthless. There are 8.62M listed warrants; exercising all of them would add 44.7% to the 19.31M 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
- $12.90
From the issuer's S-1/A (2024-12-19).
Company and stock
- Company
- Translational Development Acquisition Corp.
- Underlying stock
- TDAC
- Share price
- $10.82
- Market cap
- $208.92M
- Shares outstanding
- 19.31M
- 12-month range
- $10.34 – $10.90
- 12-month change
- +5%
- Value of all listed warrants
- $12.07M (5.8% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- New York, NY
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
- $1.40
- Price / model
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Dilution
- Shares outstanding
- 19.31M
- Listed warrants
- 8.62M
- Dilution if all exercised
- 44.7%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- ProLogium Holding Inc.
- Deal announced
- 2026-05-27
- Deadline
- 2026-10-24
- Latest possible deadline
- 2027-06-24
- Trust per share
- $10.73
- Sponsor
- Stone Capital Partners 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 TDACW
When does the TDACW 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 TDACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many TDACW warrants are outstanding?
8.62M listed warrants, equal to 44.7% dilution if all are exercised.
Related warrants
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