👀
Been rising steadily last 5 days...
T minus 34 days...😉
(media.greatawakening.win)
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I'll try. I am not exactly a pro trader or anything but I also had same questions as you and I learned it for DWAC =)
There are three different shares you can look at in this SPAC. DWAC, DWACW, and DWACU. You can purchase them all like regular shares and sell them for gains or losses. But after the merger there will only be TMTG.
DWAC is good for a full TMTG share.
DWACU is good for .5 of a TMTG share and .5 of a warrant.
DWACW is good for 1 warrant.
A warrant isn't a share. Again, you buy and sell it like a share until the merger happens.
A warrant needs to be purchased after the merger for $11.50 (it can be different for other SPACs). You do this buy calling your broker and telling them you want to exercise them (just means you're ready to buy your warrants for your TMTG shares). From what I understand for this SPAC is that you can exercise them 30 days after the merger and I think you wan to do it by September. I'd watch a few youtube videos on SPACs just to understand warrants better. But it's pretty simple once you get the gist of it.
So let's say you bought one warrant for 30 dollars. You will need to pay an additional 11.50 to get the TMTG share. Even if the TMTG share is 1000 a share it will cost you 11.50 to get it!
Wow. Thank you!