Why Poet Technologies Stock Tanked on Thursday
Source: Motley Fool
2026-01-22 19:38:12 ET
Highly specialized opto-electronic components company Poet Technologies (NASDAQ: POET) was highly unpopular with Mr. Market on Thursday. Investors expressed their displeasure at news of a capital-raising effort by selling the stock aggressively. As a result, it closed the day more than 17% lower.
That morning, Poet announced it was issuing just under 20.7 million shares of its common stock in a registered direct offering to investors. The company said it expects to realize around $150 million from the sale, net of expenses related to the issue. This prices each share at approximately $7.25.
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POET Technologies Inc.
NASDAQ: POET
POET Trading
11.15% G/L:
$7.108 Last:
6,368,896 Volume:
$6.71 Open:
POET Latest News
POET Stock Data
$531,501,892
90,739,428
4.41%
39
N/A
Semiconductors and Equipment
Technology
CA
Toronto
