Does anyone know when the last day is to buy warrants?
Also am I understanding correctly that warrants are almost “free money” given that you can buy them for 27.70 and then I believe 11.50 a share at a later date when it is trading at 66 a share? Or is there still risk involved?
This is my first time ever having warrants so I want to get a professionals understanding of it if possible!
I was told we have like 5 years after purchase to exercise the right to trade them for real stocks for 11.50 per share. So, if you hold for another year or few years, they might be worth more. If you don’t want to get real stocks, you can just sell them for whatever the going rate is for the warrant. Be careful and check with your broker for expiration date of warrants when they turn worthless.