As of this moment it has backed up to about $47. Not sure if there was any news
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Warrants give you the right to own DWAC at the price you buy DWACW at +$11.50 of extra cash to exercise. The only drawback is you can’t exercise it until Sept 2022, so expect to use it as a long term investment.
DWACW is trading at $19 right now, so you'll have the option of owning DWAC at a price basis of $30 in the future if you choose to exercise the warrant. Seeing how DWAC is trading at $55 right now, you get more for your money, granted you believe that Trump Media won't flop before next September. In my opinion, if you follow Q then it shouldn't be hard to believe in the company. Even if it isn't as successful as anticipated, I doubt the price of DWAC would go below $30.