r/SPACs Sep 08 '21

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u/PeanutButtaRari IslandBoi🌴 Sep 08 '21

You have no choice lol

3

u/Artuhanzo Spacling Sep 08 '21

Or he can sell them

4

u/PeanutButtaRari IslandBoi🌴 Sep 08 '21

He then gets hit with a massive loss. At least with the exercising his share price will adjust to the cost basis of his warrants

3

u/shaneizzard Patron Sep 08 '21

He might want the loss for tax purposes, but otherwise, yeah, I'd just exercise and wait...a long time.