Exercising Warrants into Certificates

When it comes time to exercise a warrant into a certificate, although the actual transaction must be completed offline, a user with legal administrator permissions can easily reflect the transaction on the Carta platform.

1. Navigate to 'Warrants' under Securities and click the drop-down button next to the warrant you wish to exercise. Choose 'Exercise warrant' from the drop-down.

2. Input all relevant data about the exercise such as the exercise date, number of shares to exercise, exercise agreement file, and the associated share class. Then click 'Next: review certificate details.'

3. Review the details about the resulting certificate and make sure that everything is correct. Then choose 'Exercise warrant.'

4. You will be able to visit the newly created certificate and it will show a blue banner that indicates it was created from the exercise of a warrant.

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