Three Lions Acquisition Corp. (TLACW) Warrant
Each TLACW warrant gives the holder the right to buy 1 share of Three Lions Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.85, below the strike, so the warrant is out of the money. Three Lions Acquisition Corp. has a market value of about $39.73M. Three Lions Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by June 2, 2028 or the warrants expire worthless. There are 5.00M listed warrants; exercising all of them would add 124.0% to the 4.03M 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
- $11.65
From the issuer's S-1/A (2026-08-21).
Company and stock
- Company
- Three Lions Acquisition Corp.
- Underlying stock
- TLAC
- Share price
- $9.85
- Market cap
- $39.73M
- Shares outstanding
- 4.03M
- Range since Sep 2026
- $9.84 – $9.90
- Change since Sep 2026
- -1%
- Value of all listed warrants
- $760.00K (1.9% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- La Jolla, CA
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 2026-06-30). 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
- $0.1520
- Price / model
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Dilution
- Shares outstanding
- 4.03M
- Listed warrants
- 5.00M
- Dilution if all exercised
- 124.0%
Warrant count from filing notes, read by hand (high): Warrants included in IPO Units (public warrants).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-06-02
- Latest possible deadline
- 2028-06-02
- Trust per share
- $10.05
- Sponsor
- Three Lions Sponsor 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 TLACW
When does the TLACW 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 TLACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many TLACW warrants are outstanding?
5.00M listed warrants, equal to 124.0% dilution if all are exercised.
Related warrants
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