Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
POET Technologies ( (TSE:PTK) ) has shared an announcement.
POET Technologies announced a non-brokered public offering of 5,000,000 units at a price of US$5.00 per unit, totaling US$25 million. The offering is priced at a premium to the market, and proceeds will be used for working capital and corporate purposes. The transaction is expected to close around December 19, 2024, subject to regulatory approvals, and is anticipated to be fully subscribed by a single institutional investor in Canada.
More about POET Technologies
POET Technologies Inc. specializes in designing and developing high-speed optical engines, photonic integrated circuits, and light sources, focusing on the artificial intelligence systems market and hyperscale data centers. The company is known for its POET Optical Interposer platform, which integrates electronic and photonic devices into a single chip, offering cost-effective and scalable solutions while reducing power consumption.
YTD Price Performance: 411.70%
Average Trading Volume: 2,169,494
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $341.4M
See more insights into PTK stock on TipRanks’ Stock Analysis page.
