Plans and pricing
Free to draft a warrant or pilot a program. Paid when you execute one, or operate a book of them.
A partner, lender, or customer has asked for a warrant, and you want to understand it before you agree to anything.
No card. No expiry.
Includes
- Draft on a proven, industry standard model form
- The Warrant Simulator, for dilution, vesting, and what the grant costs you at exit
- Share a read only view with counsel and the counterparty
- Documents marked as drafts
You have agreed terms, or are about to, and you want the program set up properly and the warrants executed, approved, and recorded on it.
Your warrant program, with twelve months of platform access
Everything in Draft, plus
- Program setup: your model legal documents, board policy and authorization, and a playbook for your situation
- Mechanics and structure tailored to you, the holder, and the objectives of the deal, including contingent performance vesting
- Term benchmarking against a corpus of more than 4,500 warrant documents
- Readiness checks across commercial, legal, accounting, tax, risk, compliance, and operational domains
- Execution ready instruments and signature workflow for every warrant under your program
- Board and approval pack
- Counterparty portal, free for them
- Cap table record artifact for Carta, Pulley, Eqvista, Capitus, Fidelity and others
- Twelve months of lifecycle monitoring for events, triggers, and rights
- Diligence export whenever you need it
- Permanent access to every instrument you execute, whether or not you renew
One price sets up the program. Every warrant issued under it is a repeat of the template you approved, so we do not count them. A warrant in a different application, or structuring beyond the program, is scoped separately.
What is included
| Feature | Draft | Execute |
|---|---|---|
| Before you sign | ||
| Model form | Industry standard | Tailored to the transaction |
| Program setup: model documents, board policy, playbook | ||
| Term benchmarking and market insight | ||
| The Warrant Simulator | ||
| Readiness checks and domain playbooks | ||
| Structuring session with a specialist | 1 included | |
| Execution | ||
| Execution ready instruments | Every warrant under your program | |
| Signature workflow | ||
| Board and approval pack | ||
| After signature | ||
| Lifecycle monitoring and expiry | 12 months, renewable | |
| Cap table record artifact | ||
| Counterparty portal | Free | |
| Diligence export | ||
| Access to executed instruments | n/a | Permanent |
| Access | ||
| Internal users | Up to 20 | Up to 20 |
| Counsel and auditor seats | Free | Free |
| Instruments included | Drafts only | All warrants under your program |
| Structuring outside the program | n/a | Scoped separately |
Engagements, priced separately
These are scoped pieces of work rather than subscription features. They can be added to any plan.
From $35,000
The design work behind a warrant program. Scope, standard terms, approval workflow, the evidence standard, readiness across every domain, and a simulated run on your own deal flow. For firms starting or formalizing a program.
Quoted
Turning years of signed PDFs and spreadsheets into structured instruments. Included with Scale. Beyond that it is scoped on document count and condition.
From $4,000
A written benchmark of your program against comparable transactions, filtered to your stage, sector, and deal type, with a walkthrough of where to optimize.
$900
Two hours with a specialist on a live warrant. Terms benchmarked, outcomes modelled, and a written summary for your board and counsel.