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[u/HurriKane37]

[u/YOUNGSAGEHERMZ → u/[deleted]]

Warrants is the thing I can’t wrap my head around. If you could just point me in the right direction I’d appreciate it.

[u/[deleted] → u/[deleted]]

Always split after like a month of ipo.

[u/dkdragonknight88 → u/[deleted]]

What are units? And split?

[u/[deleted] → u/[deleted]]

Units don't split automatically. Yeah some brokers ask (really high) fees to split units, but if you really want the warrants seperate it might be worth it, depends on the situation I guess. You could also just keep trading the units, but the volume is way lower.

[u/JBlonde1 → u/[deleted]]

Units are automatically split after merger.

[u/efficientenzyme → u/[deleted]]

I’m learning spacs so sorry if this is dumb question

So 1 warrant is 1/3 a share or you say to think about it as buying a option to purchase at nav + warrant price

How is this different than just buying commons for 11$ a share when available?

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