You're probably getting DWAC. DWACW and DWACU. I'll try my best to explain.
DWAC = Share of the SPAC company being used to raise money to launch TMTG. The SPAC sells shares to raise cash and then merges with the new company - sort of like an IPO.
DWACW = A warrant to buy a share of the new company (TMTG) after the merger for the original offering price ($11 if I remember correctly) - sort of like a stock option. They are not redeemable until like 30 days after the merger but youcan buy/sell them like a stock up until the merger happens.
DWACU = A share of the SPAC + a fraction of a warrant (1/3, I believe)
Hope that made sense.
You're probably getting DWAC. DWACW and DWACU. I'll try my best to explain.
DWAC = Share of the SPAC company being used to raise money to launch TMTG. The SPAC sells shares to raise cash and then merges with the new company - sort of like an IPO.
DWACW = A warrant to buy a share of the new company (TMTG) after the merger for the original offering price ($11 if I remember correctly) - sort of like a stock option. They are not irredeemable until like 30 days after the merger.
DWACU = A share of the SPAC + a fraction of a warrant (1/3, I believe)
Hope that made sense.
You're probably getting DWAC. DWACW and DWACU. I'll try my best to explain.
DWAC = Share of the SPAC company being used to raise money to launch TMTG. The SPAC sells shares to raise cash and then merges with the new company - sort of like an IPO.
DWACW = A warrant to buy a share of the new company (TMTG) after the merger for the original offering price ($11 if I remember correctly) - sort of like a stock option. They are not irredeemable until like 30 days after the merger.
DWACU - Is both a share of the SPAC + a fraction of a warrant (1/3, I believe)
Hope that made sense.
You're probably getting DWAC. DWACW and DWACU. I'll try my best to explain.
DWAC = Share of the SPAC company being used to raise money to launch TMTG. The SPAC sells shares to raise cash and then merges with the new company - sort of like an IPO.
DWACW = A warrant to buy a share of the new company (TMTG) after the merger for the original offering price ($11 if I remember correctly) - sort of like a stock option. They are not irredeemable until like 30 days after the merger.
DWACU - Is both a share of the SPAC + a fraction of a warrant (1/3, I believe)
Hope that made sense.
You're probably;y getting DWAC. DWACW and DWACU. I'll try my best to explain.
DWAC = Share of the SPAC company being used to raise money to launch TMTG. The SPAC sells shares to raise cash and then merges with the new company - sort of like an IPO.
DWACW = A warrant to buy a share of the new company (TMTG) after the merger for the original offering price ($11 if I remember correctly) - sort of like a stock option. They are not irredeemable until like 30 days after the merger.
DWACU - Is both a share of the SPAC + a fraction of a warrant (1/3, I believe)
Hope that made sense.