I own $SBEA and they are listed with 1/3 warrants. Can you please explaing how this whole thing works in the app?` What happens after the merger tomorrow and the change of ticker to $BRCC

Haven’t checked recently, but I don’t believe warrants are supported in T212.

Hey. :wave: @Zergui is right. We do not offer warrant type instruments on the platform. In case of such events, we sell the warrants and distribute the cash equivalent to eligible shareholders. As for SilverBox Engaged Merger Corp I (SBEA), we’ll reflect the ticker change today. However, we have n…

Thanks for your quick reply. But I don’t need to hold them and can sell the common shares now?

@Bogi.H was describing our usual approach when it comes to similar events. However, we have no official confirmation that warrants would be due as a result of this particular merger. Would you mind sharing your information source?

“This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one redeemable warrant.” https://www.sec.gov/Archives/edgar/data/0001836707/000121390021012588/f424b42021_silverboxengaged.htm

@Scrooge_McCodf is likely to be right. What he mentions is the usual arrangement for a SPAC. In addition, T212 does not offer the units, they would have waited until they were separated into stocks and warrants and then offered the stocks. I imagine that the stocks and the warrants currently trade …

So you are saying on a different broker I would have got the 1/3 warrant, because I would have got the unit for 10USD instead just the common share? That was not displayed like this, if I remember correctly.

Well, not quite. As I understand it, regardless of the broker, on the day you acquired the shares on T212 you would not have been able to purchase the combined units (shared+warrants) as they would have already been trading separately, as two different things. What you could have done is bought t…

I don’t think so, no. A common stock, warrant, and unit are three separate types of securities. A unit is the combination of a common share + some part of a warrant. The unit will always trade at the price of the common share + the fraction of the warrant, or very close; there is no arbitrage poss…

Warrants after merger of SPACS?

🤝 Help

Scrooge_McCodf February 11, 2022, 8:06pm 7

That’s the units. You own the common stock.

Units split into common stock and warrants a month or so after they IPO.

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Warrants after merger of SPACS?

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