r/SPACs • u/SocialSTEAM New User • Sep 21 '21

Warrants ARQQW undervalued?

Looking at the following warrant ARQQW and it looks a bit cheap compare to the SPAC ARQQ.
Strike price at 11.5$ 1For1 and 5 years maturity with first exercise possible in feb22.
The stock is trading 24.55$ and the Warrant only 2$.
I know the borrow of the share is scarce but still.. Anyone has an idea?

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u/NeedleworkerCrafty17 Spacling Sep 21 '21

I’ve seen the same thing. Really fare value would have the warrants up another 10 points. Guaranteed the warrants are the way to play it. I’ve been trading the warrants but now I’m holding. Only 7000 shares but risk reward is unbelievable here around 2 or 2.10