💥🦁🌎 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.
I am going to add to this discussion from research I am doing to hopefully benefit all anons.
What Is a Stock Warrant, and How Do They Work?
Stock Warrants 101: An Explainer
DWAC Warrants appear to expire Jun 30th, 2028. This would be a date in which you must sell them or lose everything. https://www.cnbc.com/quotes/DWACW
Pros
Cons
Important It appears that if one were to exercise Warrants after DWAC/TMTG goes public, i.e. merges, then any gains will be taxed as ordinary income. Depending on how much the stock value explodes, if it does, this could be a huge tax hit for some. Everyone should research their own situation on this. Taxation of Stock Warrants
Not financial advice. Do your Own research. Contact your financial planner and CPA before making financial decisions. Work with people you personally know and trust.
yea, what he said^^^^^
The new company has the option to call the warrants to raise money post merger (which they VERY often do) in which case you cannot just sit on them. I'll still hold onto a few just to see what happens with them because the payout could be yuge but I'm not willing to bet the farm on it.