The major difference between convertible debt and detachable stock warrants is that upon exercise of the warrants: No paid-in capital in excess of par can be part of the transaction The stock is held...

Extracted text: The major difference between convertible debt and detachable stock warrants is that upon exercise of the warrants: No paid-in capital in excess of par can be part of the transaction The stock is held by the company for a defined period of time before they are issued to the warrant holder The stock involved is restricted and can only be sold by the recipient after a set period of time O The holder has to pay a certain amount of cash to obtain the shares.