DWACU https://www.marketwatch.com/investing/stock/dwacu
Born on 9/3/2021 Stock price $10.17
DWACW https://www.marketwatch.com/investing/stock/dwacw
Born on 9/30/2021 Stock price $0.51
DWAC https://www.marketwatch.com/investing/stock/dwac
Born on 9/30/2021 Stock price $10.50
I second this. Get some fucking super stonkies in here!
DWAC is the standard shares, which will be converted 1:1 to TMTG shares when then merger is final. If the merger doesn't happen you will be reimbursed $10 per share. So you only "risk" what you pay over $10 prior to the merger. After the merger this guarantee is gone though
DWACW are warrants. These are like options in that they give you the right to convert them for shares in the future. I believe each warrant gives you the right to buy a share for $11.50 in the future, so you're betting on the fact that the share price will be above $11.50+(warrant price) in the future. Typically a much better return on investment if the share price goes up, but if the merger fails to go through you will lose 100% of your investment.
DWACU are units. These are basically shares that also include some free warrants at a certain ratio. For example, 3:1 would be 1 free warrant for every 3 units you own.
A bit oversimplified, but hopefully that helps. Not investment advice.
Thanks, this is really useful.
It’s already around $14 each- are regular shares too risky?
Buy and hold if you have the patience. This will go up eventually.
Hey- thanks for the info. what specifically makes warrants more profitable than normal stock? Can you buy a lot more for the same dollar amount than stocks? And it seems they expire in 30-45 days so the price needs to climb within that timeframe to profit right?
Warrants are going to trend with the share price. Rough example:
Share - $10 price increases to $14 = 40% gain Warrant - $.50 price increases to $2.50 = 500% gain
And this would assume the warrant was selling at +$11.50 = Share Price.
I'm not finding any information on when these warrants are set to expire. SPACs are always pretty risky and actually have a pretty bad track record overall, but when you hit the big one you can make a ton. Only risk what you're willing to lose. Good luck :)
Thank you Pede for this info today ! 🇺🇸
Do you know the warrant ratio for DWACU?
DWAC - is class B stock DWACU - is class A stock and includes 1/2 warrant per share DWACW - is the warrant. gives you a 5 YEAR option to buy the stock at 11.50 per share.
This is how I understand it but this is NOT financial advice! DYODD! Here is the SEC archive for DWAC: https://www.sec.gov/Archives/edgar/data/1849635/000110465921090302/tm2117087d2_s1a.htm