POET Technologies shares surged 23.51% to $7.88 after announcing a $75 million private placement, while Oracle's stock fell 2.52% to $284.24 due to financial challenges related to renting Nvidia chips. Nuburu's stock soared 86.27% to $0.48 after acquiring an Italian software firm, and Galecto's stock skyrocketed 383.02% to $17.92 amid speculative activity. TMC The Metals Company shares rose 20.21% to $9.28 due to investments in the metals sector.
POET Technologies Inc. (NASDAQ: POET) shares surged 23.51% to $7.88 after announcing a $75 million private placement. The company, valued at $579 million and showing a remarkable 92% price return over the past six months, closed the transaction with a single institutional investor. The deal involved the issuance of 13,636,364 common shares and one common share purchase warrant, with the combined price for one common share and the warrant being $5.50. POET Technologies plans to use the proceeds for corporate development, including targeted acquisitions, expanding research and development, accelerating its light source business, and general working capital. The company maintains a strong liquidity position with more cash than debt on its balance sheet, as confirmed by InvestingPro analysis
POET Technologies secures $75 million in private placement[1].
Oracle Corporation (ORCL) stock fell 2.52% to $284.24 following a report that the company has slim profit margins on AI cloud computing compared to the rest of its business. AI bullishness has been key to Oracle stock's rally over the past 12 months. Oracle collected roughly $900 million in revenue but only $125 million in gross profit from renting cloud-based servers powered by Nvidia (NVDA) chips during its August-ended quarter, according to a report from The Information. This translates to a roughly 14% gross profit margin, compared to roughly 70% margins for the rest of the business. The internal document shows the "financial challenge" in renting servers with Nvidia chips
Oracle Stock Slides On Report Its Cloud Business Is Seeing Lower Margins On Nvidia Chips[2].
Nuburu Inc. (NYSE American: BURU) stock soared 86.27% to $0.48 after announcing a binding agreement to acquire Orbit S.r.l., an Italian software firm specializing in operational resilience and crisis management. The acquisition will be executed through Nuburu’s subsidiary, Nuburu Defense LLC, and involves a two-phase transaction. The deal marks a strategic expansion of Nuburu’s Defense & Security Hub beyond laser systems into software-driven resilience solutions. Orbit projects revenue of $3.22 million by 2026, growing to $19.29 million by 2028. The company’s SaaS business model is expected to deliver attractive gross margins and recurring revenue
NUBURU stock soars after binding agreement to acquire Italian software firm[3].
Galecto Inc. (NASDAQ: GALCT) stock skyrocketed 383.02% to $17.92 amid speculative activity. The company did not announce any significant news, indicating that the stock movement may be driven by market sentiment rather than specific corporate developments.
TMC The Metals Company Inc. (NASDAQ: TMC) shares rose 20.21% to $9.28 due to investments in the metals sector. The company has been actively pursuing opportunities in the metals sector, which has seen increased demand and investment.
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