I got an offer to redeem my DWAC shares and get about $10.24 per share for them. The price today is $13.36 and $10.24 is lower than it has ever been since the first few minutes on the IPO day. So what is their goal? Why would anyone take this deal?
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Don't do it. Tomorrow is gonna be a good day
Never considered it.
You don't have to take the offer. And that is data (i.e. the resistant HODLers) that they collect as well.
LOL
The brokers have to let you know. Nobody is expecting you to do anything but it's got to be the investors choice. What would happen to the broker if the stock price dropped to $7 and someone sued the broker for not informing them of a corporate action?
It's the de-SPAC part of the process.
https://corpgov.law.harvard.edu/2018/07/06/special-purpose-acquisition-companies-an-introduction/
SPACs are fucking ridiculous to me. I guess this is the sort of instrument you get used to playing around with when you write the tax laws to avoid ever having to pay anything....
I'm not an investor really, so I don't know the "rules", however this looks like they don't want you to sell.. Just my 5cents. [AFI]
The company is asking for an extension vote. You as an investor can say I would rather just get my money back. The value as already been determined to be $10.24. You have to understand that the value has NOTHING to do with the stock price. That is just the value of the company divided by the amount of shares.
Makes sense!