If you pay $3.50 for the warrants your break even price of gramf is $11.50 + $3.50 premium = $15.00. It basically works just like a 5 year option on any platform... with an $11.50 strike price and a 1/15/26 expiration, although I don’t know if the Greeks come into play or work the same... in any case, flip the premium or exercise the warrant... the warrant only controls 1 share of gramf but you’re getting the leverage by holding the warrants at roughly 1/3 the cost of holding the shares... (1 share gramf @ $11.00 vs 1 warrant grmwf @ $3.50)
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