How to Partially Exercise Warrants?

After issuing warrants in Eqvista, it is possible to partially exercise the warrants that have been issued to a shareholder. 

Here are the steps to follow:

Step 1: Log into your Eqvista account and select the company account to partially exercise warrants. 

On the dashboard, click on “Securities” on the left-hand side to get a drop-down menu. Then select “Warrants”. 

Note: Options can also be partially exercised. Check out the support article to learn how to partially exercise the options. 

Step 2: Once you select, you will be redirected to the following page. 

Note: On this page, click on “Create New Class” to create a warrant class and if you have created one, you can issue warrants and implement a vesting schedule. 

Then, click the warrant class created, a panel will appear showing the details of those who have been issued warrants from this class.

In this case, we will click “Common Warrants” and select the grant “CW-003”.

Step 3: You will be redirected to the grant details page below.

Here, click on “Actions” and then from the drop-down menu, click on “Exercise to Equity”.

Step 4: By doing this, a new window will appear. The first step is deciding whether it will be a Partial Exercise or Exercise all Warrants.

In this case, we have selected partial exercise and equity class to where the shares would be given. Next, enter the number of warrants to exercise, and the number of warrants left will be displayed automatically. Then, the exercise date and exercise grant name will be automatically filled. If the exercise date is not today, then you can edit it.

Note: You can also exercise all the warrants issued to you by clicking “Exercise all Warrants”.

Once done, click on “Submit Exercise”.

Step 5: With this done, you will be redirected to the next page where the share amount has been updated.

Step 6: If you want to see the exercised warrants, click on “Securities” and then on “Equities”. Once you get here, click on the “Series B” equity class since the warrants are exercised in this class.

For more details on the grant, click on the grant name “Exer from CW-003”.

Step 7: Then, you will reach the page where you can now see the details of the grant.

Step 8: The record of the exercised grant can be seen by clicking “Cap Table” on the left-hand side to get a drop-down menu. Then, click on “Secondary Transactions” and you will see all the transactions – Exercises, Transfers, Note conversions, Repurchases, and Cancellations. 

On this page, click on “Exercises” to check if the grant is exercised.

If you want to further understand how to use the Eqvista application, check out our support articles or contact us today!