Originally Posted by
ebl14
How and where do you purchase warrants?
Seneca can do a better job, but here is where you can find warrants........
https://www.marketwatch.com/tools/markets/warrants/a-z
Here is part of an offering from aug 2019 on a SPAC for EXPC which is bringing a company called BLADE to market. The warrant is EXPCW.....
"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. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. Subject to the terms and conditions described in this prospectus, we may redeem the warrants either for cash once the warrants become exercisable or for shares of our Class A common stock commencing 90 days after the warrants become exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units to cover over-allotments, if any."
Don't take investment advice from me....I was just curious from his post yesterday and this is what my digging with a spoon(vice a shovel) found. This is the extent of my knowledge....other than I think most initial warrants are bought from a broker(sometimes as rewards/inducements for "good" clients). They also offer warrants on less speculative stocks like AIG....those act like LEAP's