Warrants being called For anyone that holds the ChargePoint warrants CHPT-WT, the company has announced that they are calling them (terminating them) on July 6, after which they will no longer trade and will be worthless.
You can sell the warrants, or use them to buy CHPT for $11.50 a share.
Friday CHPT closed at $33.14 + $1.18
$33.14 - $11.50 = warrant worth $21.64
Friday CHPT-WT closed at $21.86 + $1.39
EV stocks have been under pressure for quite a while, but have lately been gaining strength.
CHPT has been climbing for four days now. The warrants will be called in 3 weeks. The warrants will be rising (or falling) in lockstep with CHPT and because they are less expensive than CHPT, their percentage rise will be greater.
If CHPT falls in price, the warrants fall will be much greater, percentage-wise.
But either way, they should be sold by Monday 5 July, just to be safe.