DraftKings Inc Warrants (DKNG)

[dr_praeses]

Are you award the warrants are redeemable?

$DEAC "Following the Business Combination, there will be 13,333,333 outstanding public warrants to purchase 13,333,333 shares of New DraftKings Class A common stock at an exercise price of? $11.50 per share, which warrants will become exercisable 30 days following the Closing

$DEAC at 17.20. When stays over 18 for ten consecutive days, company will perform cashless exercise of warrants, ticker $DEACW now $5.54, at pre-determined formula, handing warrant owners $DEAC shares. #leverage Each $DEACW worth $DEAC price minus 11.50 (5.70 in above)