Nice! So you can trade $11.50 for $50?
Why not if you are in the money? Tax reasons, maybe? Don’t want the cap gains now?
What’s the upside to not exercising them?
The only upside is losing more upside I imagine
you add the 11.50 to the price you paid for the warrants and that’s your price. you pay 11.50 on top of what you paid. again, can’t do anything but sell warrants right now; can’t exercise til merger is complete