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General question about SPACs...

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swf83   Wednesday, 05/13/20 07:06:15 PM
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General question about SPACs...

Generally speaking, 50-52 days after a new SPAC IPO generally the units split into shares and warrants. Once you get those warrants, you can theoretically sell the stock and get your principal all back and just play with the warrants correct? Granted, the warrants are probably dead money for a year or more until info regarding an acquisition or merger start to surface, but it would be house money so who cares. Some warrants will be worthless, some may hit pretty big.

What am I missing here?

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