That's DWACW!!! Legal statement: This is not to be construed as financial advice, blah, blah, blah.......
NOTE: End of day DWAC closing at NEW all time CLOSING high 3rd day in a row. But DWACW is down 5%. This makes no sense?!?! However one explanation I heard is that a BIG short probably tried to hedge by buying warrants and shorting DWAC. Now they are squeezed and buying to cover DWAC and selling DWACW. Whatever the cause - it is a GIFT!!! GLTA!
I bought 15 DWAC, and 15 DWACW, I got in on both sub $20, otherwise I probably would have gone all DWACW.
Actually, 10 DWAC I got at $17.76, I forget the other 5, and 10 DWACW I got on the cheap, but the last 5 were $42.16.
Wish I could have bought more, but I am a man of limited means. I have already moved the funds in though to cover the DWACW to DWAC fees so all is well.
Well, I'm an amateur mind you, when you buy DWACW, it's a Warrant. When you execute the warrant, you pay a nominal fee and receive 1 share of DWAC.
There is a timeline to execute, and a time limit, I think the limit is 5 years, and I think to execute, the merger has to happen, merger between DWAC and TMTGR (Trump Media, not sure the exact ticker).
So once the time to execute is upon us, you can pay $11.50 per warrant to "convert" each to a share of DWAC. So after the execution, you'll have paid $11.50 plus the DWACW per share price you paid to receive a share of DWAC times however many DWACW shares you have.
Hope that makes sense, God bless, and hold!
u/Furecrotch u/cdwill u/SOTUisFUBAR u/master_kek
According to this, DWAC warrants (DWACW) mature in September, which makes sense since that is 12 months after initial warrant offer.
Nevertheless, the price for DWACW right now should be at DWAC - 11.50 (or close to it). The merger has been announced, so its no longer really "speculative". I can see no reason why they are still on sale, except short-sale fuckery.
From your link, I don’t see why they couldn’t merge, wait 45 days for warrant redemption and then convert from DWAC to TMTGR
Thanks for the clarification on the timeline!