Poet Technologies' stock up 72.6% in May, down in June

Poet Technologies stock surged 72.6% in May after reporting Q1 sales of $0.5 million that beat forecasts by $0.25 million and announcing a $50 million hardware deal with Lumilens. The company sold 19 million shares for $400 million and granted warrants for $8.25 per share. Stock dipped in June amid dilution from new financing and lower valuation sentiment.