Granting Warrants

You can grant warrants in Athennian by following these simple steps:

  1. Navigate to the profile of the entity for which you would like to grant warrants;
  2. Navigate to the Securities > Warrants > Transactions tab - Note: once you select the Warrants tab, ensure that you have selected the correct share class for which you will be granting warrants at the top of the screen;
  3. In the Transactions tab, select + New - a list of various transactions will appear;
  4. Select Warrant Grant from the list of transactions - a workflow will open up;
  5. In the Grant Details tab, enter the Grant Date in the appropriate field, and enter the number of shares you would like to grant warrants for in the Number of Warrants field - you will notice that the Number of Shares field will auto populate based on the Number of Warrants you enter;
  6. Enter the Exercise Price per Warrant, ensure that the Currency is correct, and then add notes if necessary;
  7. In the Warrantholder field, select either Create New Warrantholder or Select from an Existing Warrantholder, depending on whether you would like to grant warrants to an existing warrantholder or an individual/entity who is not yet an warrantholder;
  8. If you choose the former, select either Person or Entity, and then select + Warrantholder to select the new warrantholder;
  9. If you choose the latter, click Select Warrantholder and choose the appropriate existing warrantholder;
  10. In the Vesting Period tab, enter the Vesting Date and the Expiry Date in the appropriate fields;
  11. Select Draft;
  12. Click into the transaction, and set the status of the transaction to Confirmed.

Exercising Warrants

You can exercise warrants in Athennian by following these simple steps:

  1. From the same Securities > Warrants > Transactions tab, select + New and then select Exercise Warrants from the list of transaction types;
  2. In the Exercise Details tab, enter the Exercise Date, and select the warrantholder you would like to exercise warrants for;
  3. Check off the warrant number, and enter the number of warrants to be exercised;
  4. In the Amount field, enter the Number of Warrants;
  5. In the To field, select either Create New Warrantholder or Select from an Existing Warrantholder, and select the appropriate shareholder;
  6. Select the Review tab, review the information, and select Exercise;
  7. Navigate to the Securities > Shares tab, you will notice a new Exercise of Warrants transaction - check off the transaction and select Generate Selected to generate the supporting documents;
  8. Once the documents are completed, navigate back to the Warrants tab and the Shares tab and change the statuses of the transactions to Confirmed.

Cancelling Warrants

You can cancel warrants in Athennian by following these simple steps:

  1. From the same Securities > Warrants > Transactions tab, select + New and then select Cancel Warrants from the list of transaction types;
  2. In the Details tab, enter the Cancellation Date;
  3. In the From section, select the warrantholder whose warrants you would like to cancel;
  4. Check off the warrant number and enter the amount of warrants you would like to cancel;
  5. In the Reason section, select the Reason for Cancellation;
  6. Select Confirm in the bottom righthand corner - an Warrants Cancelled transaction will appear in the Transactions tab;
  7. Select the Warrants Cancelled transaction and set its status to Confirmed.
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