DWAC - Tender Offer - Do Not Accept It
Don't Be Fooled!
It is time for a very important reminder for DWAC shareholders.
Brokers will be contacting you to relinquish your shares for a tender offer of $10. Do not accept the tender offer!!!
Every SPAC is required to broadcast to their shareholders the opportunity to trade their shares back for their original book value - in this case $10.
DWAC will be voting for merger with Donald Trumps - Trump Media and Technology company on March 22nd. The merger vote is not the tender offer. If you accept the tender offer you will be giving away your shares for $10. It is currently trading for $45.
Again, do not accept the tender offer as you will be screwing yourself.
It would take a true idiot to accept an offer of $10 a share, when they could sell it on the open market for $45/share. Am I missing something?
It's a reminder to watch out for the verbiage of offers coming through. Most of the time it's been in our interest to vote "for" and people sometimes get to be in autopilot instead of reading and understanding.
Is there any possibility that after the merger goes through (or whatever it's called) the DWAC will be worth less than $10/share?
I think it'd just be whatever the "market" determined, aye?