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
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
⚠️ 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 :