The shares may start trading at 40 to $43. If the insurer thinks that will decline 80 percent in 6 months then it will not happen. Most insurers understand there is risk in every transaction. He can also collateralize the issuance with some of his real estate holdings as backup collateral to the securities.
We got in to DWAC under 20.00 a share. The merger is today. There is a DWAC group on Truth Social with over 7,000 members.