Hello Moxam,

I think nobody has mentioned a buyout because we're in the midst of one of the worst stock market corrections of all time with no end in site. 

That a side a buyout offer would be a sure way to get the share price comfortably above the strike price.

Remember last year when Cisco bought Acacia on July 9th ,2019 for $70 .At the time it represented a 46% premium over the stock price which was $64.91. One detail of note is that the transaction is expected to settle in the second half of 2020 meaning that Acacia stock still trades on the exchange  

My point is that if Poet were to be bought out it would still trade on the stock exchange for a foreseeable time in the future. That would give the warrant holders plenty of time and motivation to exercise the warrants even in this type of market  

AIMHO
(Pure Speculation)

https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=2000889