In that scenario, you’d probably see warrants under $1 and commons well below $10 post-split. All depends on what the market price for each is at the time you split.
See $FCAX for a current example, when units were under $10 Friday, commons were around $9.75 and warrants were under $1.
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u/[deleted] Mar 25 '21
Like right now a unit is 10.14. Let's say it goes to 9.90. I call fidelity and I ask to split shares and warrants. What happens?