Curative Biotechnology Inc (CUBT)

[trader59]

A warrant is essentially an option to buy a share of stock at a fixed "strike price." The warrants offered here will be free-trading, meaning they'll have their own ticker (likely the company ticker with a "W" suffix) and can be traded just like the stock, although at a significantly lower price. The warrants will be eligible for execution for a fixed period also, typically 5 years. When executed, the owner pays the company for the corresponding shares at the strike price, then can sell the stock into the market.
It's like trading options, you'd have less money at risk on the downside should the PPS go down, but you've given up some upside, namely the price of the warrant.
Some warrants are not free-trading, meaning whoever buys them will own them until they are executed or expire. Some also have "cashless exercise" provisions, meaning an owner can trade them in for stock according to a formula in the terms and conditions without having to hand over any cash to the company. Just explaining, as nothing in this paragraph applies to the CUBT warrants as far as I can tell.