The warrants are not even at the strike price, basically priced that KLDI isn't going to have a share price over $11.50 by the end of 2025 lol.
A $12 PPS puts the warrants at $0.50, they shouldn't even be below that. If you feel KLDI will be a $12+ stock in the next 4 years buying the warrants under $0.50 is a steal. This reminds me of SPC#. The warrants went from $0.65 to $28 in less than 10 months as that SPAC took off.
Both KLDI and KLDIW are long term holds and have been.