I thought I would post it  here because I  have never seen this kind of approach to raise money. Seems like  a better alternative to repricing. Of course that stock is taking a hit because of it.

NANO ONE ANNOUNCES LAUNCH OF EARLY WARRANT EXERCISE INCENTIVE PROGRAM

Nano One Materials Corp. has implemented a warrant exercise incentive program designed to encourage the early exercise of up to 1.65 million of its outstanding unlisted warrants exercisable for common shares of the company. The warrants are currently exercisable at a price of $1.25 per common share until Sept. 8, 2019.

The program will commence Aug. 8, 2019, at 9 a.m. Pacific Daylight Time and expire on Aug. 23, 2019, at 5 p.m. PDT. Under the program, the company is offering an inducement to each warrantholder that exercises their warrants prior to Aug. 23, 2019, by the issuance of one additional share purchase warrant for each warrant early exercised. Each new warrant will entitle the holder to purchase one additional common share for a period of 14 months from the date of issuance of such incentive warrant, at a price of $1.60. The incentive warrants will be subject to a four-month hold period from the date of issuance.