Friday, November 20, 2020 2:28:44 PM
Here's how I figure it now after some reading:
So each warrant allows me to buy 1 share of Common A stock at $11.50 in the future.
I paid $6.65 the other day for each warrant I bought (SBE+ or SBE WS) so $11.50 + $6.65 = $18.05 would be my price of 1 SBE stock.
Since SBE is trading at $27.53 right now, I would get them at a discount of $9.48 ($27.53 current PPS - $18.05 my warrant exercise price)
https://www.businesswire.com/news/home/20190725005891/en/Switchback-Energy-Acquisition-Corporation-Announces-Pricing-of-Initial-Public-Offering
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