They should move to within 11.50 of the stock price at some time in the future. I'm not selling until that point or close to it. We can hold the warrents for several years, so I'm not in a hurry. I even have time to earn the money to exercise them.
Wait… I thought we only have 30 days to exercise them?
Each
whole
warrant
entitles
the
registered holder to purchase one share
of our Class A common stock at a price
of $11.50 per
share, subject
to
adjustment as discussed below, at any
time commencing on the later of 12
months from the closing of this offering
and 30 days after the completion of our
initial business combination.
EDIT: Nevermind, I’m a dummy, it says commencing, and I was reading it as the opposite of that. Duh. 🤦🏻♂️
Here is a copy/paste of something posted here a few weeks ago…
The warrants will expire five years after
the completion of our initial business
combination, at 5:00 p.m., New York City
time, or earlier upon redemption or
liquidation. believe this is referring to
IPO of WAC which was 03SEP2021,
so it would be in 2026, unless it has
been extended]
u/pbman2 Up today 20%. I'm guessing it's going to go up pretty high tomorrow? Maybe buy some DWAC today?
Dwacw are a better deal after merger you can trade them for a share for 11.50.
I bought several times last week. I will hold.
Do you know if the warrants will also move to Nasdaq tomorrow (DJTW ???) so we can sell them?
I’m unable to exercise mine, so I’m hoping that I’ll be able to sell half of them, and use that $ to exercise the other half.
They should move to within 11.50 of the stock price at some time in the future. I'm not selling until that point or close to it. We can hold the warrents for several years, so I'm not in a hurry. I even have time to earn the money to exercise them.
Wait… I thought we only have 30 days to exercise them?
EDIT: Nevermind, I’m a dummy, it says commencing, and I was reading it as the opposite of that. Duh. 🤦🏻♂️
I've read they were good until 2026 or so. If it's 30 days we will find out on the dwac group.
I'm still in no hurry.
Yes, I believe you’re correct, and I edited my reply to you.
I was misreading the legalese initially, my bad.
I'm in same boat...I know exp date is 2028 but as of now I cant excersize them and not going to simply sell them.
How long can you hold the warrants.
Not sure now, but they can always be sold and the stock purchased or sell a few to get the money to convert the rest.
I will look into it more....
Here is a copy/paste of something posted here a few weeks ago…
Tommorow it trades under DJT.
Yup, I was confused when I had a GTC limit order on the books that was "dropped" never saw that before. But figure b/c of the ticker change.
Bought a little high a year ago but tomorrow is going to be a BIG pay-off I think. DJT will be one of the hottest stonkz on the market.
500+ is what i'd like to see.
So what will happen to my DWAC stocks (not warrants), will they automatically transfer after the merger?
It will become DJT
I see that now. My stocks are now DJT instead of DWAC.
Sweet
Up 23% so far today....
WOOT! moonshot incoming!
What about the warrants?
They are a better deal than the stock IMAO.
They should be DJTW tommorow.