If they are redeemable at 11.50 a share, and they cannot be called until the stock is trading over $18.00, and then give a 30 day period to redeem. It all depends on how the stock behaves after it goes over $18.00. If it rockets, I would hope that the warrants would be $10-$12 or so before being called and due. At that point, flip them into call options or the stock itself IMO.
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