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system
how many warrants do i need to exercise to get a stock?
user
no, you trade the warrant and the warrant price of $11.50 for one stock. the warrant is a little like an option, but with a longer term. if you buy a ipoa.ws warrant then that warrant gives you the option to buy one share of class a stock at $11.50 at a future date.  if in the future, the stock is worth $20, then you make $20 - $11.50 -  per share.  if you buy one ipoa.u, then you get 1/3 of a warrant and 1 share of stock, the warrants will be useless unless you buy in groups of 3 for the ipoa.u.  i didn't see the timeframe of the warrant, they're usually good for 10+ years, and they're currently trading in the $1.5-1.8 range. to confirm, here's a decent article about how warrants work: http://www.investopedia.com/articles/04/021704.asp
assistant