Warrant coverage in a convertible note gives an investor the right to purchase additional shares of stock in a company. Typically, this is based on some percentage of the principal amount of the loan (plus any accrued interest), and this additional purchase option happens at the point of conversion of the note from debt into equity. The terms vary based on the note.
What is warrant coverage in a convertible note?
Modified on: Fri, 1 Feb, 2019 at 10:20 AM
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