发行公司权证给股东的动机是什么？ 今天把这个问题抛给了 ChatGPT what is the motivation for a company to issue company warrant to shareholders 它的回答相当正面 1. 未来增加资本 2 提高股东价值与忠诚度 3 助力策略交易 4 向市场发出正面信号 5 稀释策略管理 它的回答相当符合逻辑，因为公司权证实施的期限相当长，通常是几年，对于财务有问题的公司来说显然是远水不解近渴的。 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 Sha (more...)