Grant Clause
Identifies the number of shares or percentage, class of stock, and the beneficiary of the warrant.
A well-drafted warrant aligns expectations between issuer and lender, documents conversion mechanics, and reduces later disputes over dilution, exercise timing, and valuation adjustments.
Final signatures normally come from authorized company officers and the investor or lender representative; counsel typically reviews before execution.
Typically signs on behalf of the issuer and confirms corporate authority, capitalization table impact, and compliance with charter or shareholder approval requirements.
The investor or lender signs to accept warrant terms and exercise mechanics; may require representations, restrictions, and notice provisions to protect conversion rights.
Identifies the number of shares or percentage, class of stock, and the beneficiary of the warrant.
Specifies the per-share price or formula used when the holder exercises the warrant to purchase stock.
Defines the time window for exercising the warrant, including any early exercise or cashless exercise provisions.
Anti-dilution and recapitalization adjustments to protect value if the company issues additional equity.
Limits on assignment, legend requirements, and rights of first refusal or co-sale provisions.
Issuer and holder representations, governing law, and authorized signature blocks to create an enforceable agreement.
| Field | Configuration |
|---|---|
| Signer Order | Sequential signing by issuer then holder |
| Authentication | Email plus SMS code for signer verification |
| Required Fields | Make signature, date, and name mandatory |
| Audit Trail | Enable IP, timestamp, and event log capture |
Ensure the chosen platform preserves signed-document integrity and stores metadata required for legal and tax records.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes (Business Premium) | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA required) | Vendor options | Vendor options | Vendor options | Vendor options |
| Envelope Cap | No cap | 100 envelopes/user/yr | Varies by plan | Varies by plan | Varies by plan |
Date the warrant becomes effective; begin retention clock
Final date the holder may exercise rights
Date related bridge funding must occur
Any required notice prior to exercise or transfer
File Form D if applicable within required timeframe
Optica used digital execution for bridge warrants to speed closings and reduce paperwork
A small issuer executed multiple lender warrants during a rapid funding round