NasdaqCM:POETSemiconductor
POET Technologies (POET) Is Up 9.6% After $150M Direct Offering And Options Surge – What's Changed
POET Technologies previously entered securities purchase agreements with institutional investors for a registered direct offering of about US$150 million to fund corporate development, targeted acquisitions and expansion of its high-speed optical module and light-source initiatives, alongside rising short interest and increased institutional ownership.
At the same time, unusually heavy call option activity and higher implied volatility highlighted how traders are positioning around the...