InvestorsHub Logo
Followers 63
Posts 6527
Boards Moderated 4
Alias Born 01/22/2006

Re: dijeetyet post# 4

Monday, 11/30/2020 10:28:22 AM

Monday, November 30, 2020 10:28:22 AM

Post# of 25
I like the ones that give a fraction of a warrant with the unit but a warrant = a whole share so no horrible dilution from warrant exercise

Oh and here's the standard SPAC terms
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-fifth of one warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described herein, and only whole warrants are exercisable. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriters a 45-day option to purchase up to an additional 6,000,000 units to cover over-allotments, if any.