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From the 8K filing on 9/27: "No fractional warrants will be issued upon separation of the units and only whole warrants will trade."
So 2 DWACU = 2 DWAC + 1 DWACW, but 1 DWACU = 1 DWAC. Along with that 1 DWACW + $11.50 = 1 DWAC.
Yep, thats my read too.
BTW, do you know the conditions for converting DWACW+$11.50 -> DWAC ?
Can we do it anytime? Can it be done only after merge? How do you do it?
Think it's available anytime, you have to call your broker and ask them to start the redemption process though.
From the SEC filing...
The warrants will become exercisable on the later of:
provided in each case that we have an effective registration statement under the Securities Act covering the shares of Class A common stock issuable upon exercise of the warrants and a current prospectus relating to them is available (or we permit holders to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement).