# Warrants ## **Method 1: Adding a new round for Warrants** Add an **New Round** to account for the warrants. * **Security Type:** Other * **Investment Amount:** Price paid for warrants * **Round Size:** Same as investment amount * **Valuation:** The implied valuation of the company at the exercise price

You may also choose to enter data in the Share Mode where you can specify * **Share Price**: Exercise Price * **Shares Purchased:** Shares purchased via warrants * **Total Shares Owned:** Total shares owned post-warrants exercise * **Total Shares Issue:** Shares purchased via warrants * **Fully Diluted Shares Outstanding:** Shares outstanding at the company after warrant exercise

The aggregate valuation of the company will reset to the exercise price, so the next step is to add a **Valuation Update** event to recalibrate the aggregate valuation to the current aggregate valuation.

## Method 2: Ownership Update Alternatively, you can also simply add [an Ownership Update event](https://docs.tactyc.io/portfolio-management/managing-rounds/updating-ownerships) to reflect the new ownership in the company post-warrants. In this approach the price paid for the warrants is not captured in the invested amount into the company.