Good Works Acquisition Corp (GWAC)

[ChuckBits]

Port, I think of a SPAC like an "empty shell" is on the OTC. I believe a difference may be SPAC's are popping up on NASDAQ so there must be more scrutiny, etc.

A perfect example of a company "reverse merging" (RM) into a shell, or even a "no bid" dormant OTC stock, would be the birth of HVBTF!

Hive RM'd into "PRELF". I owned shares of PRELF which at one time was a traditional gold "mining" company in Canada. (ironic, right? from mining gold to crypto!) It is how I "discovered" Hive. For a brief time, Hive traded under ticker PRELF before the ticker change.

Regarding the warrants, I assure you they won't disappear if/when the GWAC/GWACW ticker changes. The warrants don't expire until 10/22/2025, almost 4 years to go.

Warrants can be very simple & straightforward or they can get complicated. Think of them like leverage. If you are confident GWAC PPS will be much higher a couple/few years from now, you can make more $ with the warrants.

Using yesterday's PPS's, I calculated the potential gain for GWAC vs GWACW. I used $5,000 for an investment example. If GWAC at $15, you would gain an extra $300 with warrants. IMO, not worth it due to extra risk, work, etc.

At a PPS of $30, the additional profit gain for the warrants would be $22.9 thousand.

I'm running out so if you reply it may be a while before I see it.

Cheers