Vendome Acquisition Corporation I (VNMEW) Warrant
Each VNMEW warrant gives the holder the right to buy 1 share of Vendome Acquisition Corporation I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.33, below the strike, so the warrant is out of the money. Vendome Acquisition Corporation I has a market value of about $258.25M. Vendome Acquisition Corporation I is a SPAC (no deal announced yet). It must complete a deal by July 3, 2027 or the warrants expire worthless. There are 12.65M listed warrants; exercising all of them would add 50.6% to the 25.00M 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
- $11.75
From the issuer's S-1/A (2025-06-23).
Company and stock
- Company
- Vendome Acquisition Corporation I
- Underlying stock
- VNME
- Share price
- $10.33
- Market cap
- $258.25M
- Shares outstanding
- 25.00M
- 12-month range
- $9.95 – $10.33
- 12-month change
- +4%
- Value of all listed warrants
- $3.17M (1.2% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Park City, UT
- 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
- $0.2506
- Price / model
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Dilution
- Shares outstanding
- 25.00M
- Listed warrants
- 12.65M
- Dilution if all exercised
- 50.6%
Warrant count from XBRL (single class reported).
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-07-03
- Latest possible deadline
- —
- Trust per share
- $10.20
- Sponsor
- Vendome Acquisition Sponsor 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 VNMEW
When does the VNMEW 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 VNMEW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many VNMEW warrants are outstanding?
12.65M listed warrants, equal to 50.6% dilution if all are exercised.
Related warrants
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