Overview
- POET entered agreements with institutional investors to sell 20,689,656 common shares for expected gross proceeds of about $150 million.
- The company anticipates closing the registered direct transaction on or about Jan. 23, 2026, and says it expects to add several new fundamental institutional investors.
- Shares declined 7.77% to $7.72 on Thursday after the announcement, even as the Nasdaq rose 1.01% and the S&P 500 gained 0.67%.
- Management plans to deploy funds toward targeted acquisitions, vertical integration, added capabilities and talent, and expanded operations.
- Investor caution reflects a late‑October offering that preceded a sharp slide, while current market snapshots cite a Buy-leaning analyst consensus with an average price target near $5.83.