{
  "$schema": "http://json-schema.org/draft-07/schema",
  "$id": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/objects/transactions/issuance/WarrantIssuance.schema.json",
  "title": "Object - Warrant Issuance Transaction",
  "description": "Object describing warrant issuance transaction by the issuer and held by a stakeholder",
  "type": "object",
  "allOf": [
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/Object.schema.json"
    },
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/transactions/Transaction.schema.json"
    },
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/transactions/SecurityTransaction.schema.json"
    },
    {
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/primitives/objects/transactions/issuance/Issuance.schema.json"
    }
  ],
  "properties": {
    "object_type": {
      "const": "TX_WARRANT_ISSUANCE"
    },
    "quantity": {
      "description": "Quantity of shares the warrant is exercisable for",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/Numeric.schema.json"
    },
    "exercise_price": {
      "description": "The exercise price of the warrant",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/Monetary.schema.json"
    },
    "purchase_price": {
      "description": "Actual purchase price of the warrant (sum up purported value of all consideration, including in-kind)",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/Monetary.schema.json"
    },
    "exercise_triggers": {
      "title": "Warrant Issuance - Exercise Trigger Array",
      "description": "In event the Warrant can convert due to trigger events (e.g. Maturity, Next Qualified Financing, Change of Control, at Election of Holder), what are the terms?",
      "type": "array",
      "items": {
        "anyOf": [
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/AutomaticConversionOnConditionTrigger.schema.json"
          },
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/AutomaticConversionOnDateTrigger.schema.json"
          },
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/ElectiveConversionAtWillTrigger.schema.json"
          },
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/ElectiveConversionInDateRangeTrigger.schema.json"
          },
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/ElectiveConversionOnConditionTrigger.schema.json"
          },
          {
            "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/conversion_triggers/UnspecifiedConversionTrigger.schema.json"
          }
        ]
      }
    },
    "warrant_expiration_date": {
      "description": "What is expiration date of the warrant (if applicable)",
      "$comment": "This may not be necessary as it can be expressed with the exercise_triggers",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/Date.schema.json"
    },
    "vesting_terms_id": {
      "description": "Identifier of the VestingTerms to which this security is subject. If neither `vesting_terms_id` or `vestings` are present then the security is fully vested on issuance.",
      "type": "string"
    },
    "vestings": {
      "title": "Warrant Issuance - Vestings Array",
      "description": "List of exact vesting dates and amounts for this security. When `vestings` array is present then `vesting_terms_id` may be ignored.",
      "type": "array",
      "minItems": 1,
      "items": {
        "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/types/Vesting.schema.json"
      }
    },
    "quantity_source": {
      "description": "If quantity is provided, use this to specify where the number came from - e.g. was it a fixed value from the instrument (`INSTRUMENT_FIXED`), a human estimate (`HUMAN_ESTIMATED`), etc. If quantity is provided and this field is not, this is assumed to be `UNSPECIFIED`",
      "$ref": "https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/enums/QuantitySourceType.schema.json",
      "default": "UNSPECIFIED"
    },
    "id": {},
    "comments": {},
    "security_id": {},
    "date": {},
    "custom_id": {},
    "stakeholder_id": {},
    "board_approval_date": {},
    "stockholder_approval_date": {},
    "consideration_text": {},
    "security_law_exemptions": {}
  },
  "additionalProperties": false,
  "required": ["exercise_triggers", "purchase_price"],
  "$comment": "Copyright © 2025 Open Cap Table Coalition (https://opencaptablecoalition.com) / Original File: https://github.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/tree/main/schema/objects/transactions/issuance/WarrantIssuance.schema.json"
}