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Dictionary by pitch.dog
Debt, credit & capital structure · Working

Warrant coverage

Also called: warrant kicker

ELI5

Warrants granted alongside financing, often expressed relative to debt or investment amount.

Used in conversation

“Can you walk me through how warrant coverage works in the model?”

Pitch context

You will see “Warrant coverage” in financial models, budgets, board packs and investor materials when the discussion reaches debt, credit & capital structure.

Why it matters: In debt, credit & capital structure, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 9

Direct term-level sources and supporting source families.