Poet Technologies Announces $50M Deal With Lumilens Amid Stock Volatility
Poet Technologies (POET) shares surged after announcing an initial $50 million purchase order from Lumilens, with potential to scale up to $500 million over five years. However, concerns remain about the deal's dilutive impact due to a warrant structure allowing Lumilens to buy nearly 23 million shares at a discount.
Tickers: $POET