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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I have been buying DWAC but about to start buying warrants because the price keeps going up and up and I want to get more for my money.
Warrants are different. You can't just convert them whenever you want there are 2 stipulations, if I recall correctly. You can't convert until after the merger happens or after Sept 29, 2022 - whichever happens last.
For as many warrants as you buy, you have to pay $11.5 each to convert.
The only question I had about warrants and couldn't get an answer on, is in the event (not sure how likely) that DWAC stock or the merger stock splits before you can exercise, do the warrants split as well or are you out of luck on that deal?
Other than that, warrants are a great deal. Keep in mind, as we get closer to the merger then price gap between the two will narrow.