It enables dilution of your percentage ownership of the company. The company is able to sell more shares.
If you look at proposal 8:
" To approve, in accordance with 713(A) of the NYSE American Company Guide, the issuance of more than 19.99% of our outstanding Common Stock upon the exercise of certain common stock purchase warrants (Proposal 8); and"
Beyond proposal 8, the company is likely to keep selling shares as long as the company needs money to keep afloat. The company has never been profitable.
My two cents: it will enable the share price to go into a death spiral. The company will sell shares at ever lower prices until no one will buy shares.
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