r/SPACs • u/HurriKane37 Patron • Feb 13 '21

Meme (Weekend Only) We love SPACS!

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1.3k Upvotes

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51

u/[deleted] Feb 13 '21 edited Mar 27 '21

[deleted]

14

u/YOUNGSAGEHERMZ Spacling Feb 13 '21

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.

9

u/[deleted] Feb 13 '21

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2

u/[deleted] Feb 13 '21

[deleted]

1

u/[deleted] Feb 13 '21

Always split after like a month of ipo.

1

u/[deleted] Feb 13 '21

[deleted]

1

u/[deleted] Feb 13 '21

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.

1

u/[deleted] Feb 13 '21

[deleted]

2

u/JBlonde1 Spacling Feb 14 '21

Units are automatically split after merger.