Replies to post #4 on Breeze Holdings Acquisition Corp. (BREZ)

[Scandle34]

the warrant is like an option to buy. Strike price varies with the warrant but it seems most SPACs are at $10. Need to read the prospectus as some have forced exercise, others cannot exercise for a minimum delay after IPO/merger, etc. NKLA had very ugly terms so the warrants were always 'cheap'.

[Trichrome]

$11.50 is the going strike price on spac warrants. So $11.50 + warrant price = your cost per share if you exercise.