Answer:
The term you are describing is indeed called a "rights offering" or "rights issue." In a rights offering, a company offers its existing shareholders the opportunity to purchase additional shares of the company's stock at a specific price, typically at a discount to the current market price. This allows existing shareholders to maintain or increase their ownership stake in the company.
Rights offerings are a way for companies to raise capital from their existing shareholder base without diluting the ownership stakes of those shareholders who choose to participate. Shareholders are given "rights" that they can either exercise by buying more shares or sell to other investors. It's a way for companies to give their current shareholders the first opportunity to participate in a new issuance of securities.
Step-by-step explanation: