Warrant Finance Question
Thoughts on best way to finance the exercise of warrants if you don't have a cashless exercise. For example, you have Series A pref warrants that are in the money at exit, but you don't have a cashless exercise option. So you have to come up with $100K to exercise the warrants to profit $1.0MM at the exit. If you don't have the initial $100K in cash available at the time, how to best finance the conversion? Any thoughts appreciated. Thank you.