I was wondering if Alpaca allows for the redemption of SPAC shares (DWAC).
From the SEC website:
“Once the SPAC has identified an initial business combination opportunity, the shareholders of the SPAC will have the opportunity to redeem their shares and, in many cases, vote on the initial business combination transaction. Each SPAC shareholder can either remain a shareholder of the company after the initial business combination or redeem and receive its pro rata amount of the funds held in the trust account.”
If I can do this through Alpaca, how would it work? Does the redemption process have a fee?
Thank you very much for your answer.