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Scandle34

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Scandle34

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Re: Scottieboom post# 4

Friday, 02/05/2021 8:39:09 AM

Friday, February 05, 2021 8:39:09 AM

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the warrant is like an option to buy. Strike price varies with the warrant but it seems most SPACs are at $10. Need to read the prospectus as some have forced exercise, others cannot exercise for a minimum delay after IPO/merger, etc. NKLA had very ugly terms so the warrants were always 'cheap'.
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