DWACW are warrants (think stock options). You can spend $11.50 to turn a warrant into a share after the merger goes through. So, say you paid $30 for the warrant... $30 + $11.50 = $41.50 share. If the stock is $200, that leaves you a $148.50 profit. If the share price is under your cost you don’t need to exercise the option. I think you have 5 years from the date of merger.
I have have a mix of shares and warrants (and if I buy more it will be warrants most likely because they’ve been the better deal (I have a standing buy order for another 100 warrants if they drop below $25 again).
DWACW can be converted into DWAC after the merge with Trump Media & Technology Group. There is a $11.50 fee for conversion - which still makes it a great discount.
Is this going to be the same as DWACW? I just figured one was cheaper for those that can't afford as much to hop in.
DWACW are warrants (think stock options). You can spend $11.50 to turn a warrant into a share after the merger goes through. So, say you paid $30 for the warrant... $30 + $11.50 = $41.50 share. If the stock is $200, that leaves you a $148.50 profit. If the share price is under your cost you don’t need to exercise the option. I think you have 5 years from the date of merger.
I have have a mix of shares and warrants (and if I buy more it will be warrants most likely because they’ve been the better deal (I have a standing buy order for another 100 warrants if they drop below $25 again).
DWACW can be converted into DWAC after the merge with Trump Media & Technology Group. There is a $11.50 fee for conversion - which still makes it a great discount.