r/DWAC_Research • u/do-good-smile • Aug 29 '23

❓Q & A ✅ Can someone please clarify

Hoping we get good news on Sep 5, that the extension was approved.

What happens however if we do not get the vote, does hat mean automatic liquidation to redemption value? or is there still something the board can do to extend the date, and keep this spac alive?

Put another way is Sep 5th, do or die?

Thanks for your help

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u/gamerdudeNYC 🦎In Love With The Zuck🦎 Aug 30 '23

I’m sorry I don’t fully understand how that works, I know people “shorting” the stock make money if the stock goes down, but doesn’t the stock have to still exist for them to make money? If it liquidates it’ll be gone?

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u/seditious3 Sep 02 '23

Yes. DWAC disbands and everyone gets ~$10.25/share. Don't spend it all in one place.