RE:Got my shares
I also received my shares this evening. I also have the same thing - a really low cost basis for the new HWO shares.
I believe the new cost basis for HWO was calculated according to:
(new HWO cost basis) = 4*(old HWO cost basis) - $1.20
with $1.20 seemingly being the default cost basis for HOH shares.
For example, an old cost basis of $0.70 for HWO (say on shares purchased last week) would result in a new cost basis for HWO of 4*$0.70 - $1.20 = $1.60
Unless there is a change to the cost basis to HOH, I don't anticipate a change to the cost basis for the new HWO shares.