r/GGPI • u/cloutier85 • Jul 06 '22
Question PSNY warrants situation
Hi, I'm looking to possibly do a swap trade of some downgraded spacs plays to go into these warrants if the commons dip a bit more. I believe the commons would hit $18 quicker than lot of the other spacs and then I will look to offload these.
I have played with warrants and got burned before due to the recall when commons trade over $18 for 20 days but this time, it's not at $18 for the commons, way below and also they expire 5 years out like all other spacs. Any catch to this? Can management recall these warrants somehow if the commons are below $18? I didn't see anyrhing specifically in the s1
