NoHo Inc (DRNK)

[ed7777777]

Companies that need to raise additional capital can do so by issuing additional shares of stock. However, these additional shares will dilute the value of existing shares, which can be a concern for shareholders. Some companies, therefore, choose to issue rights or warrants as an alternative means of generating capital. These instruments give shareholders the preemptive right to purchase additional shares of stock directly from the company, typically at a discounted price.
https://www.investopedia.com/articles/investing/062713/investing-stock-rights-and-warrants.asp