DYORW

Insight Digital Partners II warrants are derivative securities that give holders the right, but not the obligation, to purchase shares of the company's Class A common stock at a predetermined exercise price. These warrants typically become exercisable upon the completion of the company's initial business combination or after a specified period. The warrants have an expiration date, usually several years from issuance, after which they become worthless if not exercised. Warrant values fluctuate based on the underlying stock price, time to expiration, and the probability of a successful business combination.