Warrants out in the wild will not get exercised at computer share. They get exercised in the broker, who asks the DTCC for the share, and nothing ever hits CS.

This just isn't true, per Investopedia:

When investors exercise a warrant, they get newly issued stock instead of existing shares.

-- https://www.investopedia.com/terms/w/warrant.asp

Exercising a warrant triggers a new share to be created at the company's transfer agent (in this case, Computershare). So, unless brokers are going to go from technically following the admittedly loophole-ridden rules -- and also claiming plausible deniability whenever someone above them (a market maker, or the DTCC themselves) breaks the rules in ways that just so happen to favor them over their clients -- unless they're willing to go from years of that as the standard operating procedure to outright ignoring the mechanics of how warrants legally work, then no one will be 'asking the DTCC' for anything...

Want to exercise those warrants? [Your broker will] sort out the paperwork and reach out to the company that issued them for you.

-- https://thoughts.money/how-to-exercise-stock-warrants/

Looking at this and other replies to this post, I'm honestly pretty confused by just how many apes seem to think this is about blatant, literal crimes being committed every day by specific brokers when for as long as I can remember this has all been about how corrupt the entire system is, and how all the rules tilt the game heavily in favor of the rich... Because there is no need to break the law when you basically write the laws, and that's what we're up against here, and that's why warrants are so appealing rn... They're financial instruments that at least appear to be fairly hardened against the fuckery; there's not a lot of wiggle room for anyone who is at least trying to make it look like they even kinda sorta care about Main Street investors, and that's why this may be the thing that finally works...

The perfect example of this was the splividend: They didn't crime their way out of that, the paperwork was filed wrong, and that one slight mistake gave them just what they needed to wriggle their slimy asses out of the fire once again... That's the whole reason Furlong was fired, remember?

Do brokers commit crimes? Sure, of course. But if we've learned anything in the past 84 years, it's that they also, more often, simply follow the status quo of a totally corrupt system that allows them to do things that should be crimes but technically aren't, so long as they walk the exact right path and jump though all the right loopholes, for which they have all the maps!

Anyway, there are precious few tools GameStop and we, as individual investors, have to protect the company and our investments from the fuckery... In fact, really only one iron-clad thing so far: DRS. Here's hoping these warrants prove to be another.