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Benzinga
Benzinga
Business
Henry Khederian

POET Technologies Stock Continues To Climb: What's Going On?

POET POET Technologies POET Technologies Inc
Stock,Market,Analysis,With,Candlestick,Chart,And,Price,Movement,Trend

Shares of POET Technologies Inc (NASDAQ:POET) are trading higher Wednesday after the company announced the closing of a $75 million private placement with a single institutional investor. Here’s what investors need to know.

What To Know: POET shares soared on Tuesday after the private placement was announced as the financing sparked speculation on social media that the company could announce an investment from a prominent AI player.

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