POET Technologies Stock Is Down Today: Why the $400 Million Financing Hit POET After the Opening Bell
POET Technologies shares dropped 10.2% to $18.47 after announcing a $400 million direct offering of 19.05 million shares and warrants to a single investor. The deal, priced at $21 per share-plus-warrant, comes as the company reports a $50 million initial order from Lumilens but faces investor concerns over dilution, CFO succession, and execution risks tied to new AI optics production.