Thank you for insightful posts. I have a question regarding excercising the warrants. Reading the SEC form 20 it states:
"We may redeem the warrants issued as part of our units sold in our Initial Public Offering at any time after the warrants become exercisable in whole and not in part, at a price of $0.01 per warrant, upon a minimum of 30 days’ prior written notice of redemption, if and only if, the last sales price of our common stock equals or exceeds $13.75 per share for any 20 trading days within a 30 trading day period ending three business days before we send the notice of redemption..."
So in a nutshell, if/when the deal is approved for the tanker purchase the warrants will become exercisable. Is it correct that as an investor I can choose to hold the warrants? What does the $13.75 price trigger, mandatory liquidation?