What is a dummy warrant?

A dummy warrant is a type of financial instrument that is issued as a placeholder or promotional tool, often without any real value. It typically represents an option to purchase shares of a company at a specific price but lacks the underlying rights or obligations associated with a standard warrant. Dummy warrants are often used in scenariOS like fundraising or marketing to attract interest without committing to actual equity. They may serve as a means to gauge investor interest or facilitate future transactions.