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Warrants
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Books
THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
Name -
Sports Ventures Acquisition Corp
Address: 9705 Collins Ave, 1901N, Bal Harbour, FL 33154
Phone Number: (786) 650-0074
Investor Relations Phone: (786) 650-0074
Website - http://www.sportsventurescorp.com
Warrant Symbol: AKICW
Warrants Listed: 10,000,000
Ratio - 1-for-1
Cusip Number - 84920R 11 3
Expiry Date - December 21, 2022
Exercise Price - $11.50
Synopsis & Listing Information
Sports Ventures Acquisition Corp. was a blank check company (SPAC) led by Alan Kestenbaum (CEO of Stelco) and Robert Tilliss. The firm was designed to target businesses in the sports, media, and entertainment sectors.
The DNEG Deal Termination: In early 2022, the company announced a high-profile merger agreement with DNEG, a premier visual effects and animation studio (known for work on Dune and Stranger Things). However, in June 2022, the parties mutually agreed to terminate the deal, citing "unfavorable SPAC market conditions."
Liquidation (December 2022): Unable to secure a replacement target before its charter deadline, the company announced on December 21, 2022, that it would dissolve and liquidate.
Warrant Outcome: Per the company's official announcement, there were no redemption rights or liquidating distributions for warrant holders. All public warrants (AKICW) became void and worthless on the liquidation date.
Common Stock Redemption: Class A common stockholders (AKIC) received a final redemption payment of approximately $10.12 per share from the trust account.
2026 Status: The entity is fully dissolved. There is no active trading for AKICW on the Nasdaq or OTC markets.
Current Status: Inactive / Expired Worthless.
Address: 9705 Collins Ave, 1901N, Bal Harbour, FL 33154
Phone Number: (786) 650-0074
Investor Relations Phone: (786) 650-0074
Website - http://www.sportsventurescorp.com
Warrant Symbol: AKICW
Warrants Listed: 10,000,000
Ratio - 1-for-1
Cusip Number - 84920R 11 3
Expiry Date - December 21, 2022
Exercise Price - $11.50
Synopsis & Listing Information
Sports Ventures Acquisition Corp. was a blank check company (SPAC) led by Alan Kestenbaum (CEO of Stelco) and Robert Tilliss. The firm was designed to target businesses in the sports, media, and entertainment sectors.
The DNEG Deal Termination: In early 2022, the company announced a high-profile merger agreement with DNEG, a premier visual effects and animation studio (known for work on Dune and Stranger Things). However, in June 2022, the parties mutually agreed to terminate the deal, citing "unfavorable SPAC market conditions."
Liquidation (December 2022): Unable to secure a replacement target before its charter deadline, the company announced on December 21, 2022, that it would dissolve and liquidate.
Warrant Outcome: Per the company's official announcement, there were no redemption rights or liquidating distributions for warrant holders. All public warrants (AKICW) became void and worthless on the liquidation date.
Common Stock Redemption: Class A common stockholders (AKIC) received a final redemption payment of approximately $10.12 per share from the trust account.
2026 Status: The entity is fully dissolved. There is no active trading for AKICW on the Nasdaq or OTC markets.
Current Status: Inactive / Expired Worthless.
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Warrant Terms
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
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