No, that's not the terms of the warrants. I have held over 20 SPAC warrants post merger. Just started my DD here, but...
The most common early redemption clause is if the stock is trading at or above $18.00 for 20 out of 30 trading days. If the warrant is exercisable, management can issue a 30-day written notice and redeem those warrants early. Expired warrants get redeemed at $0.01 per warrant, so basically worthless. Redemption can be cash or cashless.
Typically, 30 days after merger, you can redeem warrants (sometimes a bit longer as shares need to registered).
The company can not violate their warrant terms as filed.
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