They actually did it. They completed the merger with Trump's company.
Starts trading tomorrow under the symbol "DJT."
I have not had any position, but I will consider buying it, depending on how the price action unfolds.
So, congrats to the holders who stayed with it.
GME also looks like it might be a company finally turning around, and will post their earnings tomorrow after the close.
Anyway ...
Congrats to those of you who held on. No idea what happens from here, and I don't think the current valuation will be justified, but it's Trump, and anything can happen when Trump is involved.
I bought the warrents last summer at 3.50-5.00
It's a very nice win.
Ditto but have not seen/heard anything on when they can be exercised? Wondering if that will be allowed once the new ticker is live or ?
The prospectus of dwac says one year after the issuing of the spac or 30 days after merger.
Best thing to do is call your broker and find out. I'm in no hurry to convert them.
Funny thing is, I called my broker, and they had no clue, I was giving them information that they didn’t know about last week. Everything about this whole SPAC has been suppressed in mainstream investing. I even tried to update my watchlist this morning and couldn’t find the ticker by searching by name. I had to navigate to my holdings in order to add the ticker to my watchlist.
Why hold warrants? The exercise price is fixed, correct? What would be a benefit of holding over exercising it into the class A stock?
Warrents give you twice or three times the leverage. Last summer I bought at 3- 5 dollers so I bought 3 warrents vs. 1 share.
My benefit of holding is I don't have to come up with 16k right now.