You are 100% missing something. The warrants are basically long call options with an expiration of 6/26/2026 and an exercise price of $11.50. Based on your question it sounds to me like you think they are more like a callable bond. Also if the stock expires at 11.50 (or anything less too) on 6/26/2026 the warrants will be worthless. Before you touch these warrants, go to investopedia and read up on options. I think it's important you know what you're trading before you trade it.
JUst to be clear I am not saying anything to whether or not the warrants are a good buy (or sale), I'm just talking about the importance of understanding what they are -- and what they are not.
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