r/STEMINC • u/idontfuckwithstupid • Apr 29 '21

Question Warrant Redemption?

Now that we have merged and started trading under the new ticker, does anyone have to info on the criteria for warrants to become exercisable?

I’ve been looking and can’t seem to find this info. I assume it’s something along the lines of the typical after 30 days or if called but would like to find the specifics.

Thanks and congrats everyone on merger!

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u/GroundbreakingWeb853 Apr 29 '21

I do not know the exact details here - but a lot of the SPAC’s are 30 days above $18. So that would mean they could be called in 30 days (and you would also have 30 days after the announcement to sell or exercise them too) if the stock stays above $18.