💥🦁🌎 DWAC VOTE FOR MERGER ANNOUNCEMENT 💥🦁🌎
🏆 - WINNING - 🏆
I just received a notice to vote for DWAC approval:
- To approve the Merger of DWAC
- To change the name to TMTG - Trump Media & Technology Group
- Board Structure and Composition
- Amendment to Blank Check Provisions
- Authorized Share Charter Amendment
- Amendment and Restatement of the Digital World Charter
- Elect to Director: Kash Patel, W. Kyle Green, Linda McMahon, Donald Trump Jr, Eric Swider, Devin Nunes, Robert Lighthizer
- Incentive Plan Proposal
- The Nasdaq Proposal
- The adjournment Proposal
Special meeting of stockholders to be held March 22nd, 2024 to approve the merger of DWAC and TMTG.
Has any else received notice and voted?
Please share your thoughts in the comments!
Note: No part of this post is meant to be financial advice for anyone. Talk to your financial advisor, and tax accountant, and people you personally know and trust, before making any financial decisions.
Here's the gist, buying a share is a full share, buying a warrant is buying the right to convert it to a share if the merger goes through.
If you buy a share and the merger fails, I believe you get the price paid back, if you buy a warrant though you get either nothing, or a fraction of paid price.
The warrants are, if I recollect, $12 to convert, I paid under $20 for all my warrants so once converted I'll have shares at less than $30 per. Although I bought fairly early so even the shares I did buy were well under $20.
I'm sure there's more to it than that, but I'm not that knowledgeable enough, maybe someone else will chime in. But as far as units, I don't remember, but it also depends on what broker you're with. My DWAC & DWACW is with E*Trade, they don't offer Units, I also have an account with IBKR, they only offer DWAC, no warrants or units.
Hope that helps!
Thank you! This is helpful and sounds like I could use a little more definitive feedback as well.
$11.50 to convert