It would be an absolute shame if this kind of opportunity passed by without filling up the coffers.
It is highly likely that Poet is making use of the ATM facility. After all, they knew the video was coming out and they knew they had to raise money.
The ATM facility sell shares through dealers into the US and Canadian stock exchange listings. As these are public traded markets, purchasers on the exchange will include individual retail accounts. There is no need for there to have been any institutional purchasers in order for Poet to have sold ATM shares through the past three days.
https://poet-technologies.com/news/2023-oct-13.html
The ATM Program was initially active in both the United States and Canada pursuant to an equity distribution agreement dated June 29, 2023 among the Company, Craig-Hallum Capital Group LLC ("Craig-Hallum") and Cormark Securities Inc. ("Cormark") and conducted under a prospectus supplement dated June 29, 2023 to the Company's short form base shelf prospectus dated June 30, 2021 and U.S. registration statement on Form F-10, which included the base shelf prospectus
The Company has suspended sales under the United States-only ATM Program and is not required to provide notice if it resumes making sales thereunder in the future.