I’m thinking of dropping a hefty chunk of change on them next week. Gonna get a couple shares of GameStop too, because I’m late to the party on that one.
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To convert warrants to the actual share you need to pay another 11.5/share.
So if you have 10 shares, you need 115 plus possible broker fee to convert the warrants to actual dwac shares.
If you paid $10 for DWACW, when the merger completes you can convert the warrants to DWAC for $11.50/share
$10+$11.50 = $21.50/ share of dwac. So if dwac was at $100. Then you just made $100-21.50/ share
If the DWAC price was lower than $21.50 then you lost money.
So if you bought straight DWAC shares then your good? I'm sure you explained it right, I am just perpetually confused.
Buying 1 share of DWACW is buying the right to buy 1 share DWAC sometime in the future for $11.50 You can't buy DWAC yet with DWACW but you will be able some time soon. I am sure that is why DWACW is selling at a discount right now.
Yes if you bought straight dwac you’re good.