Etrade really wants me to cash in my DWAC Units

posted 2 years ago by ZerroDefex 2 years ago by ZerroDefex +37 / -1

Got this again from Etrade today.

Please be advised that the offer has been extended. Re: UTS Digital World Acquisition Corp Cusip: 25400Q204 Cutoff Date: 10/04/22 Participation is voluntary. If you do not wish to participate then no further action is required. If you wish to participate, contact E*TRADE at 1-800-387-2331.

PLEASE NOTE: Only the common holders (CUSIP 25400Q105) have redemption rights. The approximate price per share redeeming holders will receive for their common stock is $10.20 per share.

Additionally, your instruction must include a statement that shareholder is or is not acting in concert or as a group with any other stockholder with respect to shares of common stock.

UNIT HOLDERS: Unit must be split in order for the common to be redeemed for cash. Unit split: 1 Unit = 1 share of common stock (CUSIP 25400Q105), and one-half (1/2) of a warrant (CUSIP 25400Q113).

Opt 01: Split the unit & redeem common shares into cash.

This same sort of offer was made for CFVIU before CFVI changed to RUM.

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– ZerroDefex [S] 1 point 2 years ago +1 / -0

AST for BBBY was similar. You can't buy directly you have to transfer in from a broker to make an account but somehow you can sell directly from them. If CS was your first experience you're going to feel a bit spoiled.

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– txharleygirl 1 point 2 years ago +1 / -0

Very true. I’ve been dealing with computer share for probably 15 years and never realized that there were others. Very spoiled by their service.