Warrants are securities issued by a company to existing shareholders, giving them the right to purchase additional shares at a predetermined price, often over a longer period (years). Warrants are typically used as an incentive or as part of financing arrangements.
This differs from rights, which are similar but usually have a shorter exercise period, often weeks.
Study Document References:
Volume 1, Chapter 8:Warrants and Rights, discussing their features and purposes​​.
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