Baba : but I didn't think there was any viable way they were going to raise money without dilution, so I don't understand the various comments expressing surprise about dilution.

I agree! The only way without dilution was for Poet to contract debt (I was not for it), or sell a stake in SPX.

Poet needed the money, without it, there was no more Interposer in 2024 for Poet as a public company.  When this offering closes, it will be a confidence boost for me.  The company will get through the initial manufacturing phase and revenues will come.  Normally, we should hear about the pricing of the offering very shortly.  Unfortunately, at a discount to the current share price.

After this financing is done, we can debate who will be in charge of the next one.

GLTA