Investors Hedging for their ownership stake through necessary share offerings

I hold a position in a company that is going through troubling times. Let’s call them Amy. Amy got saved when it almost died during the pandemic, cuz the industry was both shut down and changing drastically.

Thanks to unprecedented circumstances, retail investors saved Amy, and potentially gave Amy the green light to access a massive amount of shares to offer with the intentions of correcting their massive debt load.

My question is, aside from anything else related to Amy or any theories about illegitimate shares or anything of that nature:

Is it advantageous for longtime loyal investors of a company to request a rights offering throughout any upcoming share offerings for the purpose of debt reduction?

It seems to me like it’s the most educated and reasonable request retail shareholders could make to the board of Amy, to ensure they maintain their ownership stake throughout the offerings that are inevitable. It also seems like an intelligent decision by the board, to allow retail to keep adding buying pressure at a discount should the price raise because of…..a reverse split.

I know Tesla, Alibaba, and JpMorgan have all navigated choppy waters with a rights offering, and I’m wondering why it seems like retail investors in my Amy don’t have any idea this is an option.

So basically, looking for discussions on the advantages and disadvantages of a rights offering alongside necessary dilution to generate cash and correct the books.