Now that the merger went through, what do I do with the $10k in warrants that I spent? Do I convert it to DWAC? Or can I sell the warrants?
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DWAC warrants are now DJTWW.
The S-1 for warrants hasn't been filed yet, when it is, you can exercise warrants for the $11.50 strike price for 1 DJT share.
DJTWW's don't expire until March 25th, 2029
https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-24-022539.htm
Do you know when the S-1 will be filed? And do you know if it's possible to sell the warrants in case of extreme financial emergency (like the one I'm in now) ?
They can be called earlier than that if company wants/needs to raise cash.
When the warrants become convertible the price difference between DJTWW and DJT should equalize to $11.50. With DJT at $41 and DJTWW at $19 today, the difference is $21. I suspect when it happens that it will be mostly DJT going down.
I assume you bought them through a brokerage. You can sell them when the market opens on Monday. If you have the warrants in an IRA then there may be penalties.
Warrants are marketable securities. Should have a CUSIP number (identifier) so you should be able to get a quote somewhat close to the intrinsic value. What is the strike price of the warrant versus the price of the underlying share? That's your intrinsic value. You could also exercise that but you'll have to put up some cash.
Put up cash and pay taxes on difference between strike price and current DJT share value, if i remember correctly.