POET Technologies Announces Intention to Amend Warrant Terms [Financial Post (Toronto, Ontario, Canada)]
POET Technologies Inc. (POET)
Company Research
Source: Financial Post
TORONTO, March 22, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“ POET ” or the “ Corporation “) (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, announced today, that it intends to amend the terms of 563,317 common share purchase warrants of the Corporation (the “ Warrants “) that were issued pursuant to a private placement that closed on December 2, 2022 (the “ Private Placement “). Each Warrant is currently exercisable by the holder thereof to acquire one common share of the Corporation (each, a “ Common Share “) at an exercise price of C$4.95 (US$3.61) per Common Share until December 2, 2025. The purpose of the proposed amendments (collectively, the “ Amendments “) is to (i) reduce the exercise price of the Warrants from C$4.95 (US$3.61) to C$1.80 (US$1.33) per Common Share, and (ii) add an Acceleration Clause
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POET
News
- POET Augments Investor Outreach Efforts and Announces Management Role Change [Yahoo! Finance]Yahoo! Finance
- POET Augments Investor Outreach Efforts and Announces Management Role Change [Financial Post (Toronto, Ontario, Canada)]Financial Post
- POET Augments Investor Outreach Efforts and Announces Management Role ChangeGlobeNewswire
- POET to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 [Yahoo! Finance]Yahoo! Finance
- POET to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 [Financial Post (Toronto, Ontario, Canada)]Financial Post
POET
Earnings
- 11/14/23 - Miss
POET
Sec Filings
- 4/17/24 - Form 6-K
- 4/2/24 - Form 424B5
- 3/28/24 - Form 20-F
- POET's page on the SEC website