December 15, 2021
Subscription warrants are, in concept, basically distributed in the same manner as SPAC warrants where the holder of units will receive a warrant or fraction of for each unit they hold when the units are separated into common shares and warrants. Instead of holding units for the specific SPAC the warrants would be for, a different but related security would need to be held in order to receive the subscription warrant. The SPAC warrants are also generally low in perceived value and expire worthless if the entity does not have a deal by the deadline.