Yep, I've seen the twitter is a twitter with them.. This one will be interesting given the money of some of the people that hate him (Soros comes to mind). I locked in about 150% gain and just going to see what the rest does. I'm hoping this ends up being a legitimate platform, and if it is, maybe there is enough FB/Twitter hatred to fuel it. We'll see.
Let's do to the short sellers what they did to the AMC hedge sellers.
Never played this game
What is this stuff?
DWAC is a share of the SPAC which will merge with the private company. Prior to the merger vote, DWAC shares will be redeemable for $10.
DWACW is a warrant. These warrants are contracts which grant the bearer the right to buy a share of DWAC at a price of $11.50 at some future point, after the merger, and more specifically, after the post-merger company issues a secondary offering. This usually happens around a month or so after the merger, but the timing can vary.
DWACU is a unit. These units consist of one share of DWAC and one half of one share of DWACW, and also grants an additional one tenth of one share of DWAC upon exercise, according to this filing: https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm
What is this stuff?
DWAC is a share of the SPAC which will merge with the private company. Prior to the merger vote, DWAC shares will be redeemable for $10.
DWACW is a warrant. These warrants are contracts which grant the bearer the right to buy a share of DWAC at a price of $11.50 at some future point, after the merger, and more specifically, after the post-merger company issues a secondary offering. This usually happens around a month or so after the merger, but the timing can vary.
DWACU is a unit. These units consist of one share of DWAC and one half of one share of DWACW, and also grants an additional one tenth of one share of DWAC upon exercise, according to this filing: https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm
Well I thought I’d lost some of the 10 grand profit from the first transaction when I purchased 100 shares of DWACW @22.06. I forced myself to average down when it dropped below $15 with another 100 shares of the warrant.
Looks like it’s okay, the question is do I sell before the IPO, as after the launch you convert your warrants to shares @ $11.50 per. Seems these warrents should launch as per market of the stock is over $90 currently and we’re getting close to launch.
This has been a wild ride
Looks like it’s okay, the question is do I sell before the IPO, as after the launch you convert your warrants to shares @ $11.50 per. Seems these warrents should launch as per market of the stock is over $90 currently and we’re getting close to launch.
This has been a wild ride
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