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TMCActive

Will the SOAC warrants (expiring September 2026, $11.50 strike) be exercised by a material number of holders?

Resolves October 15, 2026(189d)
IG: 0.64

Current Prediction

12%
Likely No
Model Agreement97%
Predictions9 runs
Last UpdatedApril 8, 2026

Why This Question Matters

SOAC warrants expire September 2026 with an $11.50 strike. If the share price is below $11.50, warrants expire worthless and TMC loses its largest potential non-dilutive cash inflow. If exercised, the cash injection extends runway significantly. This is a binary event with clear cash flow implications.

FUNDING_FRAGILITYEXPECTATIONS_PRICED

Prediction Distribution

0%25%50%75%100%
opus
sonnet
haiku
Range: 8%18%Aggregate: 12%
Individual Predictions(9 runs)
opusRun 1
15%

See prediction-context.md. Probability 0.15 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
opusRun 2
18%

See prediction-context.md. Probability 0.18 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
opusRun 3
12%

See prediction-context.md. Probability 0.12 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
sonnetRun 1
10%

See prediction-context.md. Probability 0.1 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
sonnetRun 2
15%

See prediction-context.md. Probability 0.15 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
sonnetRun 3
10%

See prediction-context.md. Probability 0.1 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
haikuRun 1
12%

See prediction-context.md. Probability 0.12 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
haikuRun 2
10%

See prediction-context.md. Probability 0.1 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised
haikuRun 3
8%

See prediction-context.md. Probability 0.08 based on analysis facts.

Key factor 1 for tmc-sept-2026-warrants-exercisedKey factor 2 for tmc-sept-2026-warrants-exercisedKey factor 3 for tmc-sept-2026-warrants-exercised

Resolution Criteria

Resolves YES if more than 25% of outstanding SOAC warrants are exercised before expiration. Resolves NO if fewer than 25% are exercised or they expire worthless.

Resolution Source

TMC 10-Q or 8-K disclosing warrant exercise activity

Source Trigger

SOAC warrant expiration September 2026. If price below $11.50, TMC loses largest potential cash inflow.

stress-scannerFUNDING_FRAGILITYHIGH
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