Churchill Capital Corp XIII (XIIIW) Warrant
Each XIIIW warrant gives the holder the right to buy 1 share of Churchill Capital Corp XIII at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.31, below the strike, so the warrant is out of the money. Churchill Capital Corp XIII has a market value of about $572.72M. Churchill Capital Corp XIII is a SPAC (no deal announced yet). It must complete a deal by August 3, 2028 or the warrants expire worthless. There are 4.14M listed warrants; exercising all of them would add 7.5% to the 55.55M 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
- $13.04
From the issuer's 8-K (2026-08-03).
Company and stock
- Company
- Churchill Capital Corp XIII
- Underlying stock
- XIII
- Share price
- $10.31
- Market cap
- $572.72M
- Shares outstanding
- 55.55M
- Range since Sep 2026
- $10.13 – $10.72
- Change since Sep 2026
- -4%
- Value of all listed warrants
- $6.38M (1.1% 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 2026-08-03). 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
- $1.54
- Price / model
Pro will show whether XIIIW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 55.55M
- Listed warrants
- 4.14M
- Dilution if all exercised
- 7.5%
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
- 2028-08-03
- Latest possible deadline
- 2028-11-03
- Trust per share
- $10.00
- Sponsor
- Churchill Sponsor XIII LLC
- Sponsor's earlier SPACs
- 11 (4 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 XIIIW
When does the XIIIW 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 XIIIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many XIIIW warrants are outstanding?
4.14M listed warrants, equal to 7.5% dilution if all are exercised.
Related warrants
Get an email when alerts for XIIIW open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow XIIIW.