Piggyback Warrants

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Piggyback Warrants

Warrants that are attached to a security and come into effect when other warrants are exercised. Piggyback warrants, like general warrants, are usually attached as sweeteners to make the security more attractive to investors.
References in periodicals archive ?
This investment represents approximately 3% of MI Vascular and, subject to dilution, if the piggy-back warrants are exercised, this will represent approximately 10% of the company.