30 Days after merge they are executable. You must call broker and tell them you want to exercise them (you must have enough cash available in your account, in your example 500x11.50=$5,750)
What was your purchase price of the warrants? Lets say it was $8...
8$ per share + your $11.50 per share = $19.50
If the Stock price is lower than that- it makes no sense to execute your warrants unless you forecast that it will continue lower and you want out all together.
If the Stock price is equal to that- converting would be like buying commons... I personally would just buy commons (or more warrants if they are at a discount and you believe the stock price will go up)
If stock price is higher- you are getting a return immediately on your conversion to commons, your cost basis will be 19.50 per share, and the stock price is over that...
This is a huge long term hold for me... I expect this stock to be a consistent runner as they build the infrastructure and get more fleet deals. I see it over $100 in the next few years IMO- as the economy rebuilds and the switch to EV becomes bigger... rentals will begin to offer EV and the rental company may have to purchase charging stations. Lots of fleet style companies are beginning the switch to EV
well established company and very reputable at that IMO!
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