What Vanward calculates
Warrant fair value, debt proceeds allocation and liability remeasurement.
The method
- Multiply Black-Scholes call value by warrant shares and round to cents. Where peers are selected, use the calculated weighted volatility.
- Allocate proceeds to equity warrants by relative debt and warrant fair values. For liability warrants, allocate warrant fair value first. Debt receives the remaining proceeds. Changes in liability fair value produce remeasurement gains or losses.
What the company decides
Classification answers, instrument rights, share and strike prices, term, volatility, peers, rates and debt fair value. These inputs and judgments are outside the guarantee.
Where it shows in Vanward
Warrants register, valuation memo and proposed entries.
Method change log
- 2026-11-09 · 1.0 published