An arbitrage opportunity? Be careful - there are more ways to get into trouble than you might guess!

Over the past few years, the popularity of SPAC (special purpose acquisition corporations) has exploded. One of the interesting elements of SPACs is that the initial unit underwriting most often includes a warrant.

Today’s post will walk through the tricks associated with these warrants as there are usually a couple “gotchas” that have the potential t…

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