# 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](/portfolio-management/managing-rounds/updating-ownerships.md) 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.tactyc.io/portfolio-management/managing-rounds/warrants.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.