Poet Technologies Inc. (TSE:PTK) has released an update.
POET Technologies Inc. has announced plans to amend the terms of over half a million warrants issued during a private placement in 2022, aiming to lower the exercise price and add an Acceleration Clause in line with TSX Venture Exchange requirements. Warrant holders must consent to the proposed amendments, which include a significant exercise price reduction and the potential for an expedited expiry date under certain market conditions. The company asserts these changes will benefit both warrant holders and the company’s financial strategy.
For further insights into TSE:PTK stock, check out TipRanks’ Stock Analysis page.
