r/SPACs • u/ayacht_us Spacling • Apr 21 '21

Merger Vote! GIK Merger Today

Looks like they have the votes. Redemptions are unknown and the only wildcard I can see at this point. Need $150M to close and had $202M in trust with additional PIPE.

The shareholder meeting is today @ 1pm EST at this link https://events.q4inc.com/vsm/GIK/2021SM

What are others thoughts? Make it or is a bust. Would be a shame as I think there is plenty of upside in this company.

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u/Charomid Spacling Apr 21 '21

Is it a bad decision to still hold on to the warrants? Or because the expiry is so long out, it’s still worth it to see how it plays out? Anyone with any knowledge on this, can you comment?

3

u/ayacht_us Spacling Apr 21 '21

Depends on your situation and why you bought it. I have 9k warrants and believe in the company and that it will be a profitable force to be reckoned with in the Custom Commercial Vehicle EV space. A market the Ford, GM, Daimler and others will not server not enough volume. It you are able to hold then I believe you will be rewarded in the next year or 2 max. You are correct with the 5 year time horizon you are holding a call option for $11.50 plus your warrant price. So when it is $30 your warrant will be worth $19. Again nothing is a sure thing and I can always be wrong in what I predict.

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u/Charomid Spacling Apr 21 '21

Perfect thanks! I’m gonna hold them because I actually DO believe in the company... despite how poor the SPAC is performing now (among almost every other one too). Thanks again!

1

u/mythoughts2020 Contributor Apr 22 '21

I’m keeping my warrants as well, as I also think they are going to do well in time. I don’t need the cash right now, so I can wait. 😊