Bergamo Acquisition Corp. (BGMO)

[old man river]

A call option is the right to buy a specific amount of stock at a specific price for a period of time typically not exceeding 5 years formt he date of issue.

Unless the option was going to expire yesterday, the option would still be good next week.

You do not need to exercise an option today to ensure that youc cpature the big anticipated rise. if the strike price says you can buy at a dime, you still buy it at a dime regardless of the future price.

The only arms length reason that a person would exercise an option yesterday at these prices is that the strike price was lower so that they can lock in a gain should something not happen or get delayed again.

Now, as for a non arms legnth transaction, that is a different question and highly speculative at best.