For the same capital, leaps give you control of more shares, even if you count 2/9 warrants issued with the shares. 12K gives you access to let’s say 500 shares? The same capital gives you access to 1500-1600 shares on Jan 2023 LEAPS.

If the warrants get redeemed, you are stuck with a taxable event. “If the shares trade $36 or more for 20 out of 30 trading days, the warrants can be redeemed by management. If the price per share equals or exceeds $20 for 20 out of 30 trading days, management could also redeem it.”

Technically, the warrants have an expiration well beyond 2023, but realistically, they will be redeemed much like other successful SPACS. Aside from no DA, one can make me sell my LEAP early or ask me to exercise early other than me