How to create a Warrant (Air, Ratchet...)

In most cases, this BSA is to be created as part of the subscription by investors to BSA Air, BSA Ratchet...

① Click on +Add, then on Securities and choose Warrant

 

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② Fill in the details of the Warrant

 

Refer to your legal documentation, it will specify :

  • The name of the security
  • The date of first issue (date of the AGM which decided to issue the security
  • The underlying share : to which share does the exercise of a warrant entitle the holder
  • The impact of a stock-split
  • The exercise price → if know (otherwise tick appropriate toggle)
  • The conversion ratio : the number of underlying shares to which the exercise of a warrant entitles the holder if know (otherwise tick appropriate toggle)
  • The warrant expiration date

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⚠️ In the next step, the security creation workflow asks you to add a vesting schedule. In most cases, you can leave this parameter unchecked, as Ratchet or Air Warrant do not have a vesting schedule :

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