QLEP
Quantum Leap Acquisition Corp
stock NYSE

INFQ/WS, IQMXW, HQWW, AMPX/WS have been my best performers post merger. I feel that all but HQWW have room left or run but I'm still holding onto it just in case. 
What I'm holding that looks good to me pre-merger:
CCXIW, BBCQW, TDACW
Not performing as expected but worth a small risk to me:
ATIIW, BCARW, FACWW, HOVRW, IMSRW, PLMKW, QLEP/WS, SIMAW, VRXAW

Thank you for the link. I read that and it pretty much coincides with what my previous understanding was. I did not realize warrants would be exercised through a broker, but that’s not a problem, if it gets there.
So I’m still a little confused because, after reading this, I thought that the share price would have a $10 floor.
Does the floor consist of the combined share and warrant price? eg. In the case of QLEP it closed at $9.94, and QLEPWS closed at $0.11 which combined is over the $10.

I thought I understood what that meant. But now I think I’m walking blindly. I thought that the QLEP.U would convert to whichever company they merged with. Before which, shareholders could either stay or sell.
Can you explain the life cycle of a SPAC?
I bought 25 shares of QLEP.U now have 25 QLEP and 25 QLEP.WS both trading openly.
I thought the warrant shares allowed you to buy the merged stock at $11. But since QLEP is under $10/share what is the value to the warrant shares?
This was a small investment to see if I understood what was going to happen and it appears I didn’t. lol
Just trying to get a better understanding.