SPAC warrant observation/question; why is it that the $11.50 strike warrants trail the common by a huge margin on SPAC rockets? I cannot find an explanation or reason..
ie: QS went over $120 but QS+ never got above $45... similar phenomenon with NKLA/NKLAW
???
So for an low to moderately successful SPAC, warrants provide the leverage expected BUT on the homerun SPACs one may be better off with common(?)