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The Water Cooler
General Discussion
My 100 shares of DWAC I purchased this morning is skyrocketing 👍
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<blockquote data-quote="ttown" data-source="post: 3668989" data-attributes="member: 2114"><p>Never played this game<img class="smilie smilie--emoji" loading="lazy" alt="😊" title="Smiling face with smiling eyes :blush:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f60a.png" data-shortname=":blush:" /></p><p></p><p>What is this stuff?</p><p>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.</p><p></p><p>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.</p><p></p><p>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: <a href="https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm" target="_blank">https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm</a></p><p></p><p>[MEDIA=reddit]DWAC_Stock/comments/qcylhg[/MEDIA]</p></blockquote><p></p>
[QUOTE="ttown, post: 3668989, member: 2114"] 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: [URL]https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm[/URL] [MEDIA=reddit]DWAC_Stock/comments/qcylhg[/MEDIA] [/QUOTE]
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The Water Cooler
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My 100 shares of DWAC I purchased this morning is skyrocketing 👍
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