POET Technologies Inc. V.PTK

Alternate Symbol(s): POET

Technology Semiconductors

POET Technologies Inc brings solutions for faster and more cost-efficient data transfers. Its proprietary Optical Interposer is the foundation of an elegant platform that provides seamless integration of electronic and photonic devices into a single module. The company has multiple customers who build next-generation products for Data Centers, Telecoms, Artificial Intelligence, Internet of Things, Automotive LIDAR, Wearables, and more. POET has offices in Canada, the U.S., Singapore and China.

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POET Technologies Inc. > NAS Delisting

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Post by ark88on Dec 12, 2023 10:27am

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Post# 35779820

NAS Delisting

Interesting article on this subject matter. Several key take aways:

- 464 stocks under $1 on the NAS now
- 255 Reverse Splits so far in 2023
- after 30 days of non-compliance, 180 days grace period given
- many companies get a second 180 days, if they show plans to comply like RS
- after second 180 days, they can ask for hearing to appeal.

So, come August of next year and if nothing has changed, POET will be starting the 2nd 180 days period. At that point, the likely outcome will be another Reverse Split if it wants to stay on the NAS.

https://www.wsj.com/finance/stocks/hundreds-of-stocks-have-fallen-below-1-theyre-still-listed-on-nasdaq-c8e36abf

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle