new warrants If the stock hits $30 at a certain point in the future, but before the five years have passed by, the warrants will have an intrinsic value of $16. That is correct, however you may have to add some timevalue depending on when the stock hits this $30 barrier. Please also be aware that those who subscribed to the bought financing and got some shares will only receive 1/3rd of a warrant per each share they received.