Currently in the unit, each unit includes 0.5 of 1 warrant per unit according to spactrack.net.
I would say this fits the bill for incoming administration and backed by trust at $10(assuming this one is like all the others) per share making the attached half warrant a bonus upon separation.
Anything over $10 per share is the premium if you're using a spac to hedge. Leaving this as a hedge against a bubble pop that would hit metals too, theoretically making the trust backed spac one of the best hedges with public access.
From my phone at lunch, that's right this is a hobby for me, NOT a PROFESSIONAL.
I own a significant portion(relative to my portfolio) of these units at $10.655, making my total possible loss(via trust value) is the $0.655 per share but I should be able to work that out considering certain mechanics and the focus of this particular spac.
I would say this fits the bill for incoming administration and backed by trust at $10(assuming this one is like all the others) per share making the attached half warrant a bonus upon separation.
Anything over $10 per share is the premium if you're using a spac to hedge. Leaving this as a hedge against a bubble pop that would hit metals too, theoretically making the trust backed spac one of the best hedges with public access.
From my phone at lunch, that's right this is a hobby for me, NOT a PROFESSIONAL.
I own a significant portion(relative to my portfolio) of these units at $10.655, making my total possible loss(via trust value) is the $0.655 per share but I should be able to work that out considering certain mechanics and the focus of this particular spac.
Trade closed manually:
Took my modest profit. Adjusting portfolio for a new strategy that I call warrant farming.