When you sell the warrant, if you choose to do that, your stock price is going to go down by pretty much what you sold the warrant for. But when you liquidate o redeem, you're getting it at par. So i've got a 15 month or a year and a quarter maturity, two and a half % grosyl plus a warrant that's worth one to one and a half%. For 15 months I'm making more than three % in ti bills. That's a lot better than a c d. Lot better than a tea bill fund. If you're n ultra short duration fund, you got wiped out when you went to put money into them. And really expect
IN THIS EPISODE, YOU’LL LEARN:
01:52 - What SPACs are and how they work.
09:16 - Why some companies would prefer to IPO through a SPAC rather than the traditional IPO process.
19:27 - Why the incentive structure of the SPAC IPO process is sub-optimal.
31:09 - How pre-merger SPACs offer an interest risk/return profile.
49:21 - David’s thoughts on the overall current market environment.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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