Gregmal Posted November 16, 2022 Posted November 16, 2022 One thing to remember is that the SPAC keep money in trust. So the interest element is a wash. Theyre buying the same t-bills you are. So in 2020 you would get back $10+ accrued interest. Today its the same but interest will be higher so maybe you get back 10.35 plus keep the warrant.
whatstheofficerproblem Posted November 16, 2022 Posted November 16, 2022 (edited) The following SPACs: LIBY, ERES, ACAX, FEXD, HHGC, JWAC & PAFO have entered agreements for de-SPACs. These were on my tracking list from a VIC write up, assuming they will be successful at the merger, what do you guys suggest, the 'Rights' or the 'Warrants'? The rights are literally trading for 1-2 cents except for PAFO. While the warrants are trading at 0.0x, 10th of a cent. What would maximize returns? The companies they are merging with are decent even if they are not excellent, in my opinion. Will they hold $10 or above, never know, SPACs in general are sold into oblivion once the de-SPAC is complete, so, this has been on my mind. Edited November 16, 2022 by whatstheofficerproblem
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