Re: News - Poet Technologies Announces Closing of US$15 Million Private Placement
posted on
Sep 25, 2024 06:09PM
A capital increase is a normal move for a stock like Poet Technologies. They need cash because they know they have a very high burn rate. And a significant rise is a good time to execute it.
Additionally, they create a strong and powerful shareholder base that protects you against hostile takeover bids.