总结一下，就是急需吸纳资金的公司，通常是发行 right, 据查世界范围内统计，发行 right 后三个月内，股价平均跌 5.5%，这是NTU 商学院一个教授讲的。
而发行 company warrant 显然是不同的。
1. Raising Capital in the Future
Delayed Financing: Warrants give the company the ability to raise capital in the future when the warrants are exercised.
Non-Dilutive Until Exercised: Since warrants are not shares until exercised, they don't immediately dilute existing shareholders.
Attractively Priced Capital: If the warrant is exercised at a higher price than the current share price, the company receives funds at a potentially favorable valuation.
2. Enhancing Shareholder Value / Loyalty
Incentivizing Long-Term Holding: Warrants can be a reward to existing shareholders, encouraging them to hold shares longer or participate in a rights offering.
Boosting Confidence: Offering warrants can be a sign of management’s confidence in the company’s future prospects.
3. Facilitating Strategic Transactions
Sweetener in Deals: Warrants are often used as "sweeteners" in private placements or acquisition deals to make the offering more attractive.
Non-Cash Compensation: Can be offered as part of compensation to partners, vendors, or employees, preserving cash.
4. Market Signaling
Signal of Growth Expectations: Issuing warrants with a strike price above the current market price can signal to investors that management expects the share price to rise.
Positive Investor Sentiment: May increase investor interest if they believe the stock will outperform and the warrant will become valuable.
5. Managing Dilution Strategically
Controlled Dilution: Unlike a large equity raise, warrants only dilute when exercised—and only if the share price exceeds the strike price.
Flexible Financing Tool: Allows companies to time dilution more flexibly than a straight equity issue.
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该帖荣获当日十大第8，奖励楼主4分以及6华新币，时间：2025-05-18 22:00:01。
