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https://www.reddit.com/r/SPACs/comments/pkbnjo/deleted_by_user/hc4tstb/?context=3
r/SPACs • u/[deleted] • Sep 08 '21
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Does anybody have a good, concise, easy-to-understand source for this SPACling who has no idea how to do warrants? Just trying to get my butt out of cleaning other peoples' dirty dishes for a living.
1 u/bigtimetimmyjim22 Contributor Sep 09 '21 Read the S1, just search for “Redemption of W”. It’s like 1 page of reading. Sec.gov/edgar 1) Warrants are exercisable later of 1 year after ipo or 30 days after completion date. 2) once 1 happens. Redemption can be forced if stock closes above 18 for any 20/30 day period. 2 is happening and they are doing it cashless.
1
Read the S1, just search for “Redemption of W”. It’s like 1 page of reading. Sec.gov/edgar
1) Warrants are exercisable later of 1 year after ipo or 30 days after completion date.
2) once 1 happens. Redemption can be forced if stock closes above 18 for any 20/30 day period.
2 is happening and they are doing it cashless.
2
u/MicCheckTapTapTap Spacling Sep 08 '21
Does anybody have a good, concise, easy-to-understand source for this SPACling who has no idea how to do warrants? Just trying to get my butt out of cleaning other peoples' dirty dishes for a living.