Poet Technologies Announces That Its Non-brokered Private Placement Will Be Upsized. The Offering Will Now Consist Of Up To 5.1M Units At C$1.22 (Us$0.90) Per Unit For Gross Proceeds Of Up To Approximately C$6.2M ($4.59M)
Portfolio Pulse from Benzinga Newsdesk
Poet Technologies has upsized its non-brokered private placement to offer up to 5.1 million units at C$1.22 (US$0.90) each, aiming to raise up to C$6.2 million (US$4.59 million).
January 22, 2024 | 12:31 pm
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Poet Technologies is increasing its private placement offering size, which could indicate strong investor interest or a need for more capital.
The upsizing of Poet Technologies' private placement is typically a positive signal, suggesting either strong demand from investors or a strategic move to secure additional capital for growth or operations. This could be perceived positively by the market, potentially leading to a short-term increase in the stock price.
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