Poet Technologies Filed for Mixed Shelf of Up to $150M
Portfolio Pulse from Charles Gross
Poet Technologies has filed for a mixed shelf offering of up to $150 million. The company has not yet disclosed the specific details of the securities to be offered.
August 09, 2023 | 9:20 pm
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Poet Technologies' filing for a mixed shelf offering of up to $150 million may lead to dilution of existing shares, potentially impacting the stock price.
A mixed shelf offering allows a company to issue various types of securities (stocks, bonds, etc.) over a certain period. This can lead to dilution of existing shares if the company decides to issue more stocks, which can negatively impact the stock price in the short term.
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