Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 685.40

+1.2%

Jan 21 4:00 PM EST

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Sdgla

To: Sdgla who wrote (162388)	10/24/2021 10:07:21 PM
From: Cyrus	1 Recommendation of 222182

I think its DWAC security DWACU security with a half warrant DWACW warrant DWAC is a share of the SPAC which will merge with the private company. Prior to the merger vote, DWAC shares will be redeemable for $10. DWACW is a warrant. These warrants are contracts which grant the bearer the right to buy a share of DWAC at a price of $11.50 at some future point, after the merger, and more specifically, after the post-merger company issues a secondary offering. This usually happens around a month or so after the merger, but the timing can vary. DWACU is a unit. These units consist of one share of DWAC and one half of one share of DWACW, and also grants an additional one tenth of one share of DWAC upon exercise, according to this filing https://www.sec.gov/Archives/edgar/data/0001849635/000110465921071982/tm2117087d1_s1.htm

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