BCSS.W

Bain Capital GSS Investment Corp. Redeemable Warrants entitle holders to purchase Class A ordinary shares of Bain Capital GSS Investment Corp. at an exercise price of $11.50 per share. Each whole warrant provides the right to acquire one Class A share at the strike price during a specified exercise period. These warrants were issued as part of the SPAC's initial capital raising, either bundled in units with common shares or distributed separately. Warrants provide leveraged exposure to the potential success of the business combination that Bain Capital GSS pursues. The warrants typically become exercisable after the SPAC completes its business combination with a target company and have an expiration date, usually five years from the combination completion or earlier under specific circumstances such as sustained high stock prices. Unlike common shares, warrants do not provide voting rights or redemption rights prior to the business combination. However, they offer potential for amplified returns compared to holding common shares if the post-combination company's stock price appreciates significantly above the $11.50 exercise price. These financial instruments appeal to investors seeking higher-risk, higher-reward exposure to Bain Capital's target selection and value creation capabilities. The warrant value reflects both intrinsic value (the amount by which the stock price exceeds the exercise price) and time value (based on the remaining time to expiration and stock volatility). Given Bain Capital's extensive experience and successful track record in private equity, these warrants may attract investors who believe the firm will identify an attractive acquisition target and drive value creation post-combination. However, if the stock price remains below $11.50 through the warrant's life, they will expire worthless.