Highview Merger Corp. [HVMCW]
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Highview Merger Corp. warrants are derivative securities that give holders the right, but not the obligation, to purchase shares of the company's common stock at a predetermined exercise price. These warrants typically become exercisable after the SPAC completes its business combination and remain exercisable for a period of five years from completion. Warrants provide leveraged exposure to the underlying equity, offering the potential for amplified returns if the stock price appreciates above the exercise price. They trade independently from the common stock and units, allowing investors to speculate on or hedge their positions. The exercise price and terms are specified in the warrant agreement filed with the SEC.