Lightwave Logic Inc (LWLG)

[x993231]

Yes POET has a significant warrant overhang, I'm not sure if they can exercise at anytime though.

October 2025 private placement:
Warrant amount: A warrant for up to 13,636,364 common shares was issued as part of a $75 million private placement with a single institutional investor.
Exercise price: The exercise price is C$9.78 per share. ($7.00 US)

So at $9.00 they could sell 10,000,000 exercise and own 12,800,000 shares where $7.10 per share is break even on the move. That is why warrants are not always the best route.

December 2024 registered direct offering:
Warrant amount: Warrants for 2,777,778 common shares were issued in conjunction with a $25 million offering.
Exercise price: The exercise price is $6.00 per share.
Expiration date: The warrant is valid for five years from issuance, expiring in December 2029.

So at $9.00 they could sell 100,000 exercise and own 150,000 shares.