What is up with the DWAC redemption offer?? - The Great Awakening

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What is up with the DWAC redemption offer??

posted 1 year ago by enough_of_the_racism 1 year ago by enough_of_the_racism +24 / -0

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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– merf 1 point 1 year ago +1 / -0

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....

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