$DPHC Warrants explained: buy 1000 warrants at 10.50. U can sell or exercise approximately 30 days after merger at 11.50 per warrant through your broker. My broker will charge $38 for all warrants exercised. If the stock price is above $22 u are already way ahead! You can also trade them. Keep in mind the company will probably call them after merger if price is above $18 for 20 consecutive days! Then trade or exercise!