PSTH is not like other SPACs -- at least that's what they present...
* Longer hold period (1 year) to exercise warrant option. (I'm not sure this matters since their Right to Redeem clause seems simple for them to meet, and I @$$ume Their 20-day or 35-day Redemption Clause over-rides their 1-year Hold Clause...??)
* Warrant options offered with shares are at 1/9 vs 1/3 to encourage investors to stay in. 60% more is left on the table if the holder foregoes the warrant option to sell the shares early.
* Normally the Incentive Fee received by the SPAC is payable immediately upon the merger VOTE, which pushes down the share price benefiting Institutional investors over Individual investors. (This happened briefly with NKLA after the vote. First, the VTIQ share price fell after the announcement, and then was flat from the vote Jun 2nd to when it listed on NASDAQ Jun 4th.) With that PSTH altruism being said, the share price has to rise only 20% for them to receive the Incentive Fee, and if it were unable to hit that in short order, the whole thing is a pile of s#!@ -- Initial list price $20 + 2% = $24, current list price 1 week in, $23, so, yeah, they'll meet that very high bar.
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