They just this week announced the can extend the date on the warrants...here is what warrants do for a company.
Raising capital Companies issue warrants as a way to raise capital. Warrants can be included in share offerings to attract investors. Employee benefits Companies can offer warrants as part of an employee benefits package. Incentivizing partners Companies can offer warrants to third-party partners or suppliers to incentivize them to do business with the company. Attracting investors Startups can offer warrants to attract investors by providing the potential for additional returns if the company performs well. Reducing financing costs Companies can include warrants in debt issues to reduce the cost of financing.
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