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!