For many SPAC IPOs, 52 days after the IPO the unit will undergo either a voluntary, or mandatory split. The SPAC IPO issuer determines if the split will be mandatory for all unit holders, or if it will be voluntary.
If the split is mandatory, the end result is that you will hold the common share and the warrant separately. This will be handled centrally by SoFi and will not require your explicit direction and will not result in any additional cost to you. In order to ensure that you have whole warrants (rather than partial warrants), your indication of interest must be between 4-5,000 shares in 4-share increments.
If the split is voluntary, this means that you will have the option to request for your units to be split. This is done on a reverse inquiry basis and may incur additional fees / expenses. Members will be notified if they are required to take any action.