Velos Acquisition I Corp. (VLOSW) Warrant
Each VLOSW warrant gives the holder the right to buy 1 share of Velos Acquisition I Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.75, below the strike, so the warrant is out of the money. Velos Acquisition I Corp. has a market value of about $252.43M. Velos Acquisition I Corp. is a SPAC (deal terminated). It must complete a deal by August 2, 2027 or the warrants expire worthless. There are 22.71M listed warrants; exercising all of them would add 96.7% to the 23.48M 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
- $11.93
From the issuer's S-1/A (2024-07-18).
Company and stock
- Company
- Velos Acquisition I Corp.
- Underlying stock
- VLOS
- Share price
- $10.75
- Market cap
- $252.43M
- Shares outstanding
- 23.48M
- 12-month range
- $9.75 – $11.14
- 12-month change
- +2%
- Value of all listed warrants
- $9.77M (3.9% 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 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
- $0.4300
- Price / model
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Dilution
- Shares outstanding
- 23.48M
- Listed warrants
- 22.71M
- Dilution if all exercised
- 96.7%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- deal terminated
- Target
- ReserveOne, Inc. (terminated)
- Deal announced
- 2025-07-07
- Deadline
- 2027-08-02
- Latest possible deadline
- —
- Trust per share
- $10.86
- Sponsor
- M3-Brigade Sponsor V LLC
- Sponsor's earlier SPACs
- 3 (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 VLOSW
When does the VLOSW 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 VLOSW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many VLOSW warrants are outstanding?
22.71M listed warrants, equal to 96.7% dilution if all are exercised.
Related warrants
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