I am a total noob to warrants and am seeking some answers. I own a couple hundred shares of DWACW and no matter how much I read I still do not fully understand how it works.
1: What is the estimated date of this merger and does it appear to still be going smoothly (From what I can find it sounds like everything is still good)
2: Once the merger happens what are the total additional fees to convert each warrant into stock ?
As an example lets assume warrants are $30 when it succeeds which is close to today's price: What would the fee structure look like and what would be the potential gains assuming DWAC is at $100 when everything completes.
3: Not seeking formal financial advice but is it better to own DWAC stock outright or go deeper on warrants since you stand to gain a lot more at this current juncture with a little more risk?
Talk to me like I know nothing. Kek. Thank you in advance!
Thank you. This is what I was trying to understand.
You will get a broker fee of like $40 to exercise the warrants. You get 1 stock @ 11.50
The Merger from DWAC to TMTG happens according to spac rules which is with in 3 months from announcement not necessarily on launch. Then the common must trade above $18 for 2 weeks or something to exercise contracts
Thanks. I will definitely look into what my broker fees are
Warrants are going for $98 not 11
Warrants are around 27 now,add the 11.50 and you can buy one share at 38.50
This is what I was showing. Even Dwac isn't 98 yet.
It's been as high as 175.00/share. That's when I sold my first block of stock which covered the investment. Now I'm HODL w/ another 1,000 shares bought at 12.75 and 125.00. So I'm flat w/ a big upside.
Nice! I'm not quite that deep but I'm planning on buying more and I'm already up around 50% from my initial buys. To the moon!
It’s a long play. I may buy more. About to buy into death stocks. Been tracking for a while. I think next earnings report is gonna be very rosy.
Death stocks? Like funeral homes?
Exactly. 4 companies run the industry.