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r/Superstonk • … • u/mentholcase

DRS your shares, DWAC YOUR WARRANTS

So I initiated a DRS request of my warrants last night with Vanguard using their online form submission. This morning, I received a message in my Vanguard inbox requesting me to call them. They told me the DRS request was rejected, but that a different type of request is required for transferring of these particular assets. I ask for the specific name of this transfer, and he informs me it's called a [DWAC](https://www.investopedia.com/terms/d/dwac.asp).

So I'm like "Great, let's do it" and he submits the request and tells me it may take 8-10 business days (my memory is a bit hazy at this number bc honestly, idc). The call ends but he immediately calls me back, apologizing and telling me there's a note from the transfer team saying I need to inform Computershare they have a DWAC request coming from Vanguard. He's like "I don't know what difference that'll make, but that's what this note says I need to inform you" .. I'm like "All good, thank you very much" and so I go ahead and do that.

![img](i8q2dttrlbvf1 "Informing Computershare")

![img](kizgkozvlbvf1 "Computershare acknowledging DWAC")

# ~~ TLDR: If your broker claims the warrants aren't DRS eligible, try requesting a DWAC transfer instead. Then contact Computershare & inform them they have a DWAC request coming from [your broker]. ~~

Now I wait to see if this DWAC thing is successful..

# EDIT: For Fidelity apes, I found [\>this<](https://www.reddit.com/user/6days1week/comments/1amvs9v/how_to_begin_the_dwac_transfer_process_from/) when websearching Fidelity DWAC.

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