Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: MMCAP Institutional holdings

Latest Institutional holdings report shows MMCAP sold 100% of their POET holdings. 

If I recall correctly, MMCAP held POET warrants.

If that is correct, looks like they sold off the shares at a profit to then exercise the warrants.

Then we should see their holdings reappear in the coming days.

There is approx 1 week remaining to be able to sell, 3 days to settle and then convert the warrants that are now accelerated.

All those $4.25 warrants will put approx $5.5M USD in the bank.

Once that overhang is behind us, effectively in approx 1 week from a selling perspective,  the SP will be largely free to run.

 

 

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Feb 10, 2023 07:08AM
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Feb 10, 2023 09:07AM
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