Exercise a warrant

Warrants must be exercised individually within Diligent Equity. here we cover how to process a warrant exercise.

1. Go to the Securities section in the navigation sidebar and select Warrants.

2. Select the relevant Warrant.

   The Warrant details display will open.

3. Navigate to the Exercise Tab on the left side of the window

4. Add Exercise Transaction and fill in the following details:

   • Date: Date Warrant was Exercised

   • Exercised Amount: number of warrants exercised

   • Notice Signed: Check box and enter Date if documentation has been processed for this exercise

   • Payment Received: check box and enter Date if payment has been received for this exercise.

     Note

     Amount is automatically calculated based off the PPS and Amount Exercised.

5. Optional. Create a certificate for Exercised Shares. See Create share certificates with eSignatures.

6. Click Close to finish processing the Exercise Transaction. Click Save Record to save any changes made to the cap table