United Acquisition Corp. I (UAC.W) Warrant
Each UAC.W warrant gives the holder the right to buy 1 share of United Acquisition Corp. I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.01, below the strike, so the warrant is out of the money. United Acquisition Corp. I has a market value of about $138.68M. United Acquisition Corp. I is a SPAC (no deal announced yet). It must complete a deal by January 30, 2028 or the warrants expire worthless. There are 2.55M listed warrants; exercising all of them would add 18.4% to the 13.85M 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
- $16.50
- Cashless exercise
- allowed
- Break-even stock price
- $12.10
From the issuer's S-1/A (2026-01-23).
Company and stock
- Company
- United Acquisition Corp. I
- Underlying stock
- UAC
- Share price
- $10.01
- Market cap
- $138.68M
- Shares outstanding
- 13.85M
- Range since Feb 2026
- $9.70 – $10.01
- Change since Feb 2026
- +1%
- Value of all listed warrants
- $1.53M (1.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Boca Raton, FL
- 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
- $0.6000
- Price / model
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Dilution
- Shares outstanding
- 13.85M
- Listed warrants
- 2.55M
- Dilution if all exercised
- 18.4%
Warrant count from XBRL (single class reported).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-01-30
- Latest possible deadline
- —
- Trust per share
- $10.14
- Sponsor
- United Acquisition SPAC LLC
- Sponsor's earlier SPACs
- 2 (2 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 UAC.W
When does the UAC.W 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 UAC.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many UAC.W warrants are outstanding?
2.55M listed warrants, equal to 18.4% dilution if all are exercised.
Related warrants
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