EDIT
This Reddit thread does a good job explaining what's going on with TMTG
/EDIT
DWAC is up and climbing. That's why I didn't sell during the big dip not too long ago. I knew the FUD phase would scare off the paper-handers, but was otherwise irrelevant. Now it climbs... and climbs.... and climbs :)
https://www.tradingview.com/chart/guwUpEfo/?symbol=NASDAQ%3ADWAC
Anyway, in case anyone missed it back in October, this article was published on Yahoo! Finance:
https://ca.finance.yahoo.com/news/trump-tightens-grip-social-media-233404603.html
As part of an earnout clause in the deal, TMTG shareholders will receive an additional 40 million shares, based on the share price performance of DWAC, which on Tuesday closed down nearly 30% but are still trading well above the SPAC's IPO price of $10 a share.
Folks, this thing could really go off. The closeout clause seems to be a further bit of icing on this cake made of winning.
BUY AND HODL
Is the DWACW warrants going to turn into 1:1 shares when the merger finalizes?
you have to exercise a warrant (dwacw) for 11.50 by calling your broker
When ?
After the merger, I believe.