POET Technologies Announces Aggressive Expansion Plan and Share Offering
POET Technologies (NASDAQ:POET) announced plans to expand its wafer manufacturing capabilities by tenfold, leading to a 13.08% stock price increase on May 20, 2026. The company also secured a $500 million supply deal with Lumilens and raised $400 million through the sale of shares and warrants.
Tickers: $POET
Topics: expansion funding raise manufacturing scale-up wafer production