Poet Technologies Shares Drop After $400 Million Offering Raises Dilution Concerns
Poet Technologies (NASDAQ:POET) shares fell by 8.02% following a $400 million registered direct offering, raising concerns about shareholder dilution and capital allocation. The stock closed at $13.07 with trading volume surging to 76.1 million shares.
Topics: AI photonic interconnects dilution concerns Poet Technologies registered direct offering