No such thing as cashless warrants on SPAC deals, none, zilch, nothing whatsoever, nada. You can take that to the bank. These warrants expire 5 years from the date the merger is consummated. Jesus people read the filings and make your own decisions, stop expecting people to spoon feed you, everyone has opinion, mine can different than someone else's or yours for that matter. I don't why your base your investment strategy on some random peoples opinions or suggestions. The fact still remains, the warrants on this SPAC deal is not pretty straight forward as to NK*LA, that is why I went heavy on NK*LA ordinary shares and the warrants, but I went heavy here on the ordinary shares vs the warrants, only because it is not pretty straight forward like NKL*AW warrants were. So the notion that the warrants will be cashless is absolutely ludicrous, simple fact for me is, in order for the warrants to be cashless is that the ordinary shares will not reach 18 dollars for the next 5 years, which is impossible to have, this is multi billion dollar operation, therefore the stock will not only reach 18 dollars buy 3-4 multiples of that can be reached, remember the market cap needs to reach a certain market cap (That is in billions, with a big B) in order for them to reach their goals and yes the warrants will act accordingly. Some of you guys need to understand not all warrants or SPAC deals are created equally, I personally would not touch SPAC deals out of Cayman Islands, those are foreign entities such as Chinese mergers, almost always the warrants become cashless, what you have here is completely different, this is not Cayman Island. The warrants usually are designed for early investors and employees to get into the stock eventually at a much lower cost basis, but they have a dilutive effect on the ordinary once converted. This stock will hit 70-80 dollars soon, the warrants will act accordingly.
