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Stock impact report

Poet Technologies Announces the Amendment and Acceleration of Warrants [Yahoo! Finance]

POET Technologies Inc. (POET) 
Company Research Source: Yahoo! Finance
developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that, further to its news release dated March 22, 2024, it received approval today from the TSX Venture Exchange (the “ Exchange ”) to amend the terms of 539,318 common share purchase warrants of the Corporation (the " Amended Warrants ") that were issued pursuant to a private placement that closed on December 2, 2022 (the " Private Placement The Amended Warrants are now exercisable to acquire one common share of the Corporation (each, a " Common Share ") at an exercise price of C$1.80 per Common Share. In addition, as required by the policies of the Exchange, an acceleration clause was also added to the Amended Warrants such that, if for any 10 consecutive trading days during the unexpired term of the Amended Warrants, the closing price of the Common Shares on the Exchange is equal to or Show less Read more
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