HODL the line !!
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Thanks for the clarification, greatly appreciate it.
Definitely. I put in order before markets opened and the warrants were already trading at $4. For me, though, warrants are less about explosive growth and more about hedging my bets. If I spend X amount on warrants, it allows me to invest 10X later on in future when the merge happens, TMTG shoots to the moon and what not. But if none of that happens, I only lose X and not 10X
(The factor of 10 is just an example, in reality that factor depends on where the stock price and warrant price are)
Yes sounds about right. It sounds like options. I just got the Classic DWAC but didn’t jump on the W or U bc I’m not familiar with how those work.
When is the merger supposedly going to happen? Also what happens (I know, dark thought) if the merger doesn’t go through? Does DWAC go back to the original price ($9.50?) and you can still sell it back?
The merger needs to happen within 18 months. My guess is that the company needs to launch and do well to be valuated at the same amount of money the SPAC raised, and at that time they will merge it.
Interesting that the company needs to be valuated at the same amount the SPAC raised. In this scenario it seems like it’s TMTG that’s giving DWAC the value. If DWAC goes too high would it make it too difficult for TMTG to seal the deal?
You get back $10 for each DWAC share, but you lose the rest you paid. Also you lose the money for any warrants you bought.