Nikola Corporation (NKLA)

[ratna1]

Great explanation, but what happens if NKLA decides to redeem as allowed according to this prospectus. Does this mean to say I get redeemed 11.5$ flat out or 11.50 + fair value compensation?
Thx in advance
:
A: Each warrant has a 5-year term from the closing date of the merger, subject to the company’s redemption right, which allows Nikola to
redeem outstanding warrants (at the exercise price of $11.50) if its common stock trades at or above $18.00 for 20 days out of 30 trading day
period ending on the third trading day prior to the date the combined company gives notice of redemption.
https://a19d7e41-1c22-4885-b77a-fccc1761458e.usrfiles.com/ugd/a19d7e_c32105a2f4054974a25ecb63af7d00ed.pdf