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$CCAC / $QNGY Quanergy is THE next SPAC short squeeze play! 96% redemption, 1M float, 176% Short Interest ...perfect recipe!
$CCAC / $QNGY Quanergy is THE next SPAC short squeeze play! 96% redemption, 1M float, 176% Short Interest ...perfect recipe!
$CCAC Quanergy and iCent to Showcase Advanced Electric Vehicle Charger Robot at CES 2022
$CCAC Secures $125M Commitment from Global Emerging Markets in Advance of Merger with Quanergy
Selling my PFIC SPACs by Dec. 31st (within a year of holding) - avoiding nightmarish tax reporting
Quanergy ($CCAC) Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
Quanergy ($CCAC) creates first OPA based solid state Lidar with 100 meter range, targeting price at only $500 for mass market production.
$CCAC - Quanergy to Publicly List Through a Business Combination With CITIC Capital Acquisition Corp. to Democratize Smart LiDAR Solutions for the Automotive and IoTMarkets, valued at $1.1 billion
(CCAC) Quanergy nears China-backed SPAC deal to go public -sources
Possible $CCAC target: StoreDot is all set to manufacture silicon-dominant extreme fast charge batteries in China
When Your Pre-LOI SPAC - (Looking at you BTWN, AJAX, CCAC, GSAH) - Is Rumored To Hit A 'DA' With That Elusive Target.... :)
Who's wishing Bloomberg was wrong about the rumor that Plus is going with $HCIC? (No offense HCIC holders I just need $CCAC to pop so I can buy a house.)
Who's sitting here hoping Bloomberg is wrong about the rumor that Plus going with $HCIC? $CCAC HODL
When you can’t stop checking for the DA drop... (sponsored by CCAC gang)
Mentions
Even ex CCAC, QNGY is being called out
the company behind the ticker, and their backers are actually pretty sound. I would say: I can't believe this thing isn't >$10 yet this is not a scam company like CCAC
Ok, just checked my reports and they largely seem fine. The way you need to look at this is following: 1) What you initially shorted doesn't change calculations in a major way, so 2000\*10.05+2000\*10.04 = 40180, 10.07\*4000 = 40280 here you lost 40280-40180 = $100, it will be somewhat larger due to transaction costs, so say approximately $150. This negates your short position. 2) Consider that you actually bought fresh CCAC at the following prices: 1000\*8.5+250\*9.225+250\*9.33628+500\*9.81+2000\*9.1 = 36.245,32 3) Consider that you sold those 4000 CCAC shares at 8.4085 4000\*8.4085 = 33.634 ​ So, your loss on buying/selling should be 36245-33634 = $2611 Adding fees and point 1), you should be down about $3000 ​ You can check that in your Realized Summary report for this period of January until today. Check for the ticker symbol CCAC and see what's the total sum plus and minus. Make a screenshot of that too.
I have the same situation, I'll check my reports later but what happened is that you never actually covered short position and what you did instead is you were just buying new CCAC shares for the price you mentioned. The effective loss on your position should be: the full price when you got assigned 4000 shares - summed price of all your previously bought CCAC shares Your winnings are already realized, so that can't be changed. I'm disregarding small difference in redemption 10.05 vs 10.06 that they said.
I also shorted CCAC and got those CAAC.SPC stuff, but I didn't covered. I'm still waiting for the CCAC.SPC position to clear. Shorting SPACs directly is totally impossible nowadays. From now own I would either do synthetic shorts \[\*\] to avoid this disgusting stuff or stay away. Unfortunately not much SPACs have options before the merge. \[\*\] synthetic short => sell a call, buy a put at the same strike.. and chose a strike where the short call is OTM to avoid assignment.
My best guess of what happened there: When you were short the CCAC.SPC shares, it means that the lender of those shares was redeeming them - however, IBKR was still tracking the price of CCAC and showing you that price for CCAC.SPC (instead of 10.07). So you "won" (10.045-7.05) around 3$ per share \_ON PAPER\_ for those share you were short - all while it was clear that the shares will be redeemed anyways. Once they were redeemed, the price for you was effectively 10.07, which means that IBKR is showing you now a loss of (10.07-7.05) around 3$ per share for the day. Basically, you had an imaginary plus of 12k$, and then an imaginary minus of 12k$, all because IBKR was tracking the price of CCAC instead of freezing it at the redemption price from the beginning. It is irrelevant anyways, as in the sum, you ended up with the very same loss of a few cents per share. Note: the shares you buy to close the short position have to actually settle in your account before the redemption deadline (2 days before the merger vote). That is only possible when you buy them before the floor drops. Afaik (and \_please\_ correct me if you see any possibility that I could be wrong!), even if you knew that the price will drop to 1$ per share once the floor is removed, there is no way to profit from that. The shares you short before the floor drops, will be redeemed for NAV (and you'll lose a few cents per share on them) - the shares you buy after the floor drops, will not settle in your account in time, and you will end up being long these shares.
Ok, I'm following better now. I agree the last closing price of CCAC is irrelevant if no transaction occurred at the price. You should be at a loss just for (1) the per share difference between your original short and NAV (2) the per share difference between the price at which you covered the original short (and thereby went net long) and the price at which you sold the net long position (1) should be minimal and (2) should be minimal also (since per the above you sold these at a slight loss immediately upon notice the CorpAct). So, I agree with you. Based on what I know, I think IBRK is wrong.
I'm from Singapore so 16k SGD == 12k USD. > You have a buy order of 4000 shares at ~$9 a share for $36,000. These were defacto sold by IBKR at $7 when the corporate merger occurred and you lose $8000. This is no true. The moment I saw I had long positions in the stock at $9.06 per share, I immediately sold all of them. My long positions have nothing to do with the redemption. The redemption should in theory be resolved at NAV price - my short price x 4000. Which isn't what happened as they replaced my short price with the last CCAC closing price which no matter how you look at it, cannot be justified and is 100% wrong.
> My understanding of how this would work is that you should be in a long position on QNGY at your average cover price of 9.06 This is correct. However the moment I saw that my short positions were changed to CORPACT and I had 4k extra long positions, I immediately sold those long positions at a slight loss. > But I actually am confused on the loss as well According to IBKR, the 12k loss is not due to me holding long positions in QNGY but my redemptions short price being recorded at the last CCAC closing price instead of my original short price. This is something that is 100% wrong. In fact, this is not the first time my short positions were changed to CORPACT after they were redeemed but every other time, my redemptions closed out only at a very slight loss as it followed my short price instead of the ticker's pre merger closing price. This is the first time something like this has happened and its only specific to the CCAC ticker.
Has CCAC deSPAC -> QNGY (Quanergy) achieved the fastest drill to 0 of all SPACs? $7 to $2.7 in 2 trading days trading as $QNGY
any upcoming shitty spac mergers with options? selling $10 calls on CCAC and IVAN was worthwhile
CCAC just merged (I think they took quite awhile)
[https://www.businesswire.com/news/home/20220208006268/en/](https://www.businesswire.com/news/home/20220208006268/en/) $CCAC --> $QNGY tomorrow finally. $50 million in cash proceeds from the PIPE ($40M) and SPAC Trust ($10M), implying 1M float but unsure of insider lock-up. Could be another lotto options play with Feb 12.5C going for $0.10.
This is good opportunity to play. Before the NAV floor drops, short it. After NAV floor is gone and price dumped, buy calls and shares. High redemptions will force a short / gamma squeeze. CCAC was $~6, I picked up calls and shares. LFLY is currently $6.78. Load up on shares and calls! Not financial advice, just something I’ve been doing!
Any redemption info on CCAC/Quanergy?
CCAC up again 15% today. 25% over two days. Hmmm
Why CCAC up 9% - i thought this was going to become a penny stock
i covered my longs they assigned me the moment i was assigned as i knew it will keep going down. lost around 20cents per share from that. i actually have two short positions CCAC and ENNV. i shorted them extremely close to NAV as well. if what you're saying is correct, i wouldn't lose much money on the redemption and still make 7k profit from my initial round of cover.
\*\*I am not offering advice here. I am just talking out loud.\*\* If a hypothetical account sold shares short on jan 25th or earlier and did not cover the position by close of business that day then they might very well be subject to a corporate action event. That is the actual long holder who lent the shares may elect to tender his position for redemption forcing the short holder to close their position for $10 cash per share. Now if this hypothetical person was concerned on jan 26th they might get tendered for cash and they bought shares back, I would say to them its too late (unless they did a special T+1 settlement or same day settle). The reason is corporate actions go by settled positions not trade date positions. A normal trade done by the 26th would settle by the 28th. And the deadline to submit a tender request was the 27th. So the long holder already made his decision on the 27th. What I suspect would happen here is the short position is renamed CCAC.SPC to designate that its subject to a corp action. Any subsequent trades would go in the account as regular CCAC, because these are ex-date shares. When the meeting is held on the 31st and if the merger is approved it will take a few days for the Agent to make payment so this hypothetical persons account will be boxed for a few days (i.e short CCAC.SPC & Long CCAC). when the payment is eventually made his CCAC.SPC position is closed and $10/shr is deducted from his account leaving only the long CCAC. It would be in this holders interest to sell the position if he did not want to be long. He could do so today if he wanted because his sales would be in the form of ex-date CCAC just like his longs are held. ​ Now I haven't seen this hypothetical persons account so I wouldn't be able to say exactly the timing of his trades so if i were them I would look to an activity statement and see when my trades settled to confirm. If I saw my purchases settled by the 28th I would assume when all this shakes out i will be covered for $10 and net long. However crazy things could happen. Maybe the long holders don't elect to redeem and i am able to stay short through the meeting. Then the shot & long would collapse to zero, but I think the likely hood of no one redeeming is very very very low.
Sorry, you aren't being very clear here. Because this: > I've some short positions of CCAC that is showing as CCAC.SPC. I shorted them before the floor was lifted and covered them 2 days before merger vote date and now its undergoing corporate action. Means that you should be done--you had some open shorts and covered them. Your position has already netted out to zero. Are you sure you described the situation correctly?
I've some short positions of CCAC.SPC. I shorted them before the floor was lifted and covered them 2 days before merger vote date and now its undergoing corporate action. I just wanna make sure that the money I will be losing is NAV($10) - the price that I shorted it at. So if I shorted the share at an average of 9.9, I will only be losing 0.1 per share I shorted. Is that right? Cause right now the average pax in the system says 8.22, which is the price when it closed on Friday. That doesn't seem right since I shorted the share at around 9.9ish. Can anyone help me confirm this?
the floor is removed when the shares you buy (T+2/3) cannot be redeemed anymore. otherwise i would buy shares of DeSpac's post floor removal and redeem for profit. If the shares you shorted were redeemed, you will pay owe the redeemer $10. The shares you bought to cover, would close after the redemption window is over and therefore cannot be redeemed anymore. Congratulations you now have a long position on CCAC, with no option to redeem. This will all be made clear to you in the coming days.
Anyone on IBKR tried shorting SPAC before floor removed then covering all of them back after floor removal but before merger meeting? I did this and now my account has a short CCAC.SPC position and also a long CCAC position that was automatically bought for me. Sent a web ticket to verify these positions and they told me as long as I keep my CCAC position, it will keep them neutral and I will not incur any further losses. I don't trust them though. This is the email they sent me > Please note that the -4,000 CCAC.SPC position was converted from the -4,000 CCAC position on the Position Date of the SPAC Redemption corporate action, 25 Jan 2022. Since you have purchases 4,000 CCAC at a date later than 25 Jan, the 4,000 CCAC position is separated from the -4,000 CCAC.SPC pending further action and the result of the shareholder meeting on 31 Jan. > Should you wish to remain a neutral position, no action is required. There can be two situations where both will result in a neutral position: > The Redemption was passed, and the -4,000 CCAC.SPC will turn into negative cash, but at the same time, so will the 4,000 CCAC, therefore canceling each other The Redemption failed, the -4,000 CCAC.SPC will return to -4,000 CCAC, therefore canceling out the 4,000 CCAC*
What day did you try to short CCAC
Anyone on IBKR tried shorting SPAC after floor is removed then covering all of them back before merger meeting? I did this and now my account has a short CCAC.SPC position and also a long CCAC position that was automatically bought for me. Sent a web ticket to verify this positions and they told me as long as I keep my CCAC position, it will keep them neutral and I will not incur any further losses. I don't quite trust them though. This is the email they sent me > *Please note that the -4,000 CCAC.SPC position was converted from the -4,000 CCAC position on the Position Date of the SPAC Redemption corporate action, 25 Jan 2022. Since you have purchases 4,000 CCAC at a date later than 25 Jan, the 4,000 CCAC position is separated from the -4,000 CCAC.SPC pending further action and the result of the shareholder meeting on 31 Jan. Should you wish to remain a neutral position, no action is required. There can be two situations where both will result in a neutral position: 1. The Redemption was passed, and the -4,000 CCAC.SPC will turn into negative cash, but at the same time, so will the 4,000 CCAC, therefore canceling each other 2. The Redemption failed, the -4,000 CCAC.SPC will return to -4,000 CCAC, therefore canceling out the 4,000 CCAC*
>Chances are that is pretty standard language. In that case, anyone would be able to reverse their redemption request for two days after the shareholder vote to approve the business combination, with the consent of CCAC (which it seems they would likely grant). Thanks so much. So 2 days after the vote is the last day. Then the float is pretty much set unless they issue more shares or insiders/pipe sell.
CCAC is scheduled to vote on January 31. This is from their [424B3 proxy and prospectus](https://www.sec.gov/Archives/edgar/data/1794621/000119312522003213/d192398d424b3.htm) : "Any request to redeem public shares, once made, may be withdrawn at any time until the deadline for submitting redemption requests ***and thereafter, with our consent, until the Closing (as defined below)***. If a holder of a public share delivers its shares in connection with an election to redeem and subsequently decides prior to the deadline for submitting redemption requests not to elect to exercise such rights, it may simply request that CCAC instruct the transfer agent to return the shares (physically or electronically). The holder can make such request by contacting the transfer agent, at the address or email address listed in this proxy statement / prospectus." "Closing In accordance with the terms and subject to the conditions of the Merger Agreement, **the closing of the Merger (the “Closing”) will take place**, electronically through the exchange of documents via e-mail or facsimile, at 10:00 a.m. (New York time) **on the date which is two (2) Business Days after the first date on which all conditions set forth in Article IX of the Merger Agreement, have been satisfied or waived** (other than those conditions that by their terms are to be satisfied at the Closing, but subject to the satisfaction or waiver thereof) or such other time and place as CCAC and Quanergy may mutually agree in writing." Chances are that is pretty standard language. In that case, anyone would be able to reverse their redemption request for two days after the shareholder vote to approve the business combination, with the consent of CCAC (which it seems they would likely grant). Not sure if reversed redemption totals are ever announced specifically. The company files the "Super 8-K" report a few days after the merger is completed; in that report they usually disclose the full capital stock count. If they announced the number of redemptions when they release the vote total after the shareholder meeting (some do, some don't) and the number is different in the Super 8-K, then one could deduce the number of revoked redemptions. Unless some SPACs have different language from the above, redemptions cannot be revoked after the merger closes.
Hmm. CCAC was above $10 so guessing that won’t be high redemption but IVAN was under so probably high redemption. K I’ll hold back on this for a week till I figure it out. Thanks for the warning! guess I’ll look at playing puts instead or wait till the day after.
Sold IVAN commons for a small loss, averaged down on DNA and ASTS. Bought puts on CCAC and EVTL.
Quanergy (CCAC) merger vote on the 31st. 2021 revenue= 3.6 million LOL. Puts gonna print, fellas.
Why is CCAC still slightly above 10 (10.04) so close to merger and in this environment? Wont this mean the redemption numbers wont be ultra high as it is not interesting for arbs?
I would use some caution here, as buying puts before the merger/ticker change is risky as it's possible for them to cancel the deal or shift the merger like MCMJ. Here's a calendar with the upcoming ones in green, the one's I'm looking out for are SEAH, IVAN, CCAC, and MCMJ.
CCAC is premerger and hadn't been above NAV in half a year...how did you play puts on that?
I sold all of my CCAC, IVAN and SEAH puts for 2-3x, XPDI puts are all I have left. I sold 1/3 of them at 3x to cover the cost, i'm lettiing the rest ride hoping for the stock to dump, but so far it's holding steady near nav after the floor dropped, so we'll see how it goes. I actually like the stock, but with so many other spacs getting killed, i bought puts since they were so cheap.
Definitely do your own DD but a few optionable mergers coming up are XPDI, CCAC, TREB, SEAH, and SBEA. Right now I’m primarily in XPDI and BOXD puts: XPDI’s merger meeting is tomorrow and crypto mining has been getting wrecked (see MARA), while BOXD has a wide pricing discrepancy between commons vs. warrants that makes me think it’ll keep dropping. Have some SEAH 11ps but may sell those off soon (got them around vote date announcement and am up 40+% already). After wrapping those up I’ll turn to the others on the list to see what makes sense.
Does any one Bull or Bear case for CCAC after the merger?
Why are XPDI puts cheap as compared to TREB, CCAC and IVAN?
MCMJ CCAC TREB you’re welcome
SPACs dumping down to below $5 isn't THAT rare. I haven't done the research on CCAC or their target, but if someone thinks so, there is precedent?
Puts have become really expensive. I wont be surprised if many Put holders get burnt. Premiums are ridiculous - 2 month out on CCAC 5p is 20 cents? What are these people thinking?
Sooo true… CCAC May 7.5p at had a 1.70 bid yesterday lmao, people going to get burned sadly
Merger vote is 1/31 & approved by SEC so it will be trading as QNGY come feb. Look at other lidar despacs (LIDR, LAZR, INVZ, AEVA, VLDR, OUST). Many of them tank because of overvalued deals. Whats nice about CCAC/QNGY is that it is the lowest valued lidar play with the highest amount of potential IMO. I would expect in the short term for commons to trail anywhere from 7-12 depending on market factors. Very possible that acquisitions and partnerships will be announced after public status. Lockup agreements also have a lot to do with short-term despac movement.
Someone is paying 20 cents for Feb 5p on CCAC. Why? Who thinks this will go to 4.80 or lower in 20 some days. Remember this is China's Goldman Sachs.
CCAC will hold an extraordinary general meeting (the “extraordinary general meeting”) to consider matters relating to the Business Combination at 10:00 a.m., Eastern Time, on January 31, 2022. For the purposes of Cayman Islands law and the amended and restated memorandum and articles of association of CCAC (as may be amended from
CCAC (merging with Quanergy) just announced the shareholder vote to approve the merger on January 31st.
I saw that CCAC filed their 7th S4 revision yesterday. What are the chances the SEC doesn’t allow their merger to go through? I believe their last date to merge is 2/11/2022 or else they’d have to extend
Several merger votes should be announced next week. Watch for CCAC, SEAH, and IVAN.
i sold CCAC AND SVOK a day or two before DA’s. Same with RAMM. the difference wasn’t much cause their targets sucked ass
$CCAC warrants down to $.59. I’m Bag holding at ~$1.10. Thinking about averaging down as the Quanergy acquisition probably has the most attractive enterprise value of any LiDAR company.
It's possible it could still squeeze on high redemptions although CCAC does have 27.6 million shares so redemptions would need to be very high. These shares still need to be registered before they can be sold (just like PIPE shares) so it would be on a similar timeline to other high redemption / low float SPAC plays - viable until PIPE shares are registered. This normally takes 3-4 weeks after the business combination (registration needs to be filed then declared effective by the SEC).
It's any time after the business combination, for a period of up to three years according to the [filing](https://www.marketscreener.com/news/latest/CITIC-CAPITAL-ACQUISITION-CORP-Entry-into-a-Material-Definitive-Agreement-Unregistered-Sale-of-E--37305642/) CCAC / Quanergy will file an S-1 after the merger to register the shares, similar to PIPE investment - they are new shares, GEM aren't purchasing them through the market. The interesting elements are that: a) If CCAC activates the draw-down immediately after the merger, and the share price tanks (a fairly common occurence these days). Then GEM could actually have to pay *more* for the shares than the market price since the price they pay is 90% of the average price over the 30 days folloiwing the drawdown notice. b) CCAC are buying $125M worth of common stock - not a fixed number of shares. They also cannot be forced to buy more than 10% of the companies issued and outstanding stock. This means that Quanergy will likely trigger the drawdown immediately after merger otherwise they risk now getting the full $125M.
Added various puts (ATMR, CCAC) and holding onto my CMLT puts. This probably means the bottoms in, congrats all.
CCAC vote got postponed right. No updates on that since then? You still bullish?
It's not incorrect, but it's not a definitive proxy. SEAH management is required to file a form 424B3, and they have only filed preliminary thus far (an F-4/A under Super Group's CIK). We have seen plenty of companies set preliminary dates (NTSB, CCAC) and then miss them. However, this is the first time I have ever seen a SPAC set a date in a DEFA14A filing AND send redemption instructions to brokers (I received mine). Some chicanery going on here, but I don't think they can hold a vote without a definitive proxy. I emailed their IR but they have not responded. Today's price action says that the vote is not next week because the arb spread is too good.
So what's the deal with CCAC? Everyone just thinking it's not happening or something?
Me waiting on CCAC... Waiting... Waiting...
I got in on CCAC today. Trading right at $10 (it's a SPAC). Finviz shows 9% short interest, with only 20M shares float. The merger vote was supposed to happen on Nov 18, but it's been delayed for SEC paperwork. https://finviz.com/quote.ashx?t=CCAC I am long calls. Glad to get in on this one before it takes off!
I got rid of CCAC for this reason. Not worth the risk.
Anyone else hold PUTs on that steaming pile $CCAC? SMH
Any one have any update on CCAC merger Update?
As far as I know, there is no vote date yet.. I really like this guys weekly list, position 32 or so is CCAC: https://twitter.com/DJohnson\_CPA/status/1459547501133017095
Plus AI, oh memories from like 11 months ago about everyone including me buying CCAC at $12 for them based on some bs rumour.
CCAC warrants moving up nicely, still think it's too cheap for a upcoming de-spac (11-18 vote).
Can you share the link for CCAC merger vote date
Anyone in CCAC (Quanergy) vote on 11/18, common above 10 warrant at .97. Famous partner of elite spac ZEV. IPO’d Feb 2020 so warrants are exercisable 30 days after business combo. Only has 18 redemption terms.
CCAC warrants have been on a nice run since dropping to $0.69 two and half weeks ago. Up almost 45% since then
CCAC is ded. My warrants don't do anything.
Does anybody know what CCAC NAV is? It’s at $10.05, so a bit surprising if NAV is $10.00
Felt the same way about CCAC. Little did i know what was coming
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Any implication that CCAC could merge soon?
I’m not sure what CCAC is 🤷♂️. I’m too busy outside of all this to know the whole spacland space.
only sold CCAC and SVOK before DA. the rest i’m riding out instead of eating a loss.
I’ve gotten beat down in a couple warrant plays - PIAI, ETAC to name a couple. Worth trading out to PRPB/CRHC/CONX/JWSM/etc? I don’t want one of these Reddit favorites to wind up like CCAC and drop another 30%. But I know these will be the first to come back and should hold up the most (relatively speaking)
$0.6 for a despac would be pretty low. Below are the despac’d lidar companies and their market cap, common and warrant closing price as of last Friday. I think its important to note the market cap because CCAC/Quanergy deal as high as the ones made before during the spac craze. Its interesting that AEYE commons are highest but has the lowest warrants. We might see upward movement as merger nears completion, hopefully. Symbol Mkt cap Common Warrant LAZR 6.2B $6.82 $1.83 OUST 1.3B $8.32 $1.89 INVZ 0.9B $6.99 $1.70 AEVA 2.2B $10.40 $3.07 AEYE. 1.7B $10.73 $1.64 Quanergy 1.36B @$10
Bagholding CCACW for a while now. Starting to wonder if I should cut my loss on this one and try to recoup it on other plays instead. Or should I just continue to hold it out, maybe it’ll go the same route as the current shitty mergers. Above $1 warrants doesn’t seem unreasonable comparing it to other lousy spacs that are well below $10 but the volume on CCAC has been nonexistent recently.
Those aren’t bad. I sold out on CCAC bu added back recently thinking post DA warrants should be near $1. Also sold FPAC but added back recently as well. Most of what I’ve added with whatever funds I have left are post DA that have been pummeled looking for a bounce. Or my biggest add is DHCA with the FreeWire rumor down at $.65. Think that’s gotta get a spike to $1 on a DA.
that’s my eternal fear. so far i’ve made profit on all my warrants i’ve sold out of though and hey profit is profit. i only gotten into warrants post spacpocalypse before i was 100% commons. CCAC i sold pre DA, SVOK sold pre DA, FPAC sold most on DA eventually sold out completely, and that’s where it stops cause I NEED A FREAKING DA
Do CCAC warrants have any chance of a comeback? I had some in an account I don't actively manage for a long-term hold and it turned very ugly. Trying to decide whether or not to exit warrants with the threat of these lawsuits but damn it's tough to realize those losses.
Whats up with CCAC warrants? Trading at $0,5799 post-DA. Is it because of the fears that China will screw up their public companies? Anyone know what is the expiry date on the warrants? Thanks
Guys i have 60,000 CCAC warrants (i know i am a clown) at an avg of $1 .. official DA / merger date hasnt been released yet. They are merging with a shit tier company. Should i take the L or just wait it out.