Mr. Thomas Mika reports

POET ANNOUNCES CLOSING OF CAD$10 MILLION NON-BROKERED FINANCING WITH A SINGLE INSTITUTIONAL INVESTOR

Poet Technologies Inc. has closed its previously announced offering which was taken up entirely by a single institutional investor of $10-million. No brokers or finders were engaged in this transaction.

The offering was conducted under the Canadian listed issuer financing exemption (LIFE) program. The company sold 3,258,390 units, consisting of 3,258,390 common shares of the company and warrants to purchase up to 3,258,390 common shares of the company at a combined price of $3.069 per common share and accompanying warrant. Each warrant has an exercise price of $4.26 per common share and is exercisable for five years from today's closing date.

Poet is currently experiencing strong demand for its proprietary optical engine technology that powers 800G and 1.6T high-speed optical modules for artificial intelligence processing clusters and light sources for advanced chip-to-chip light-based data communications and high-speed computing. Use of proceeds of this financing is for general working capital purposes aimed at supporting this significant growth phase for the company.

About Poet Technologies Inc.

Poet is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centres. Poet's photonic integration solutions are based on the Poet Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. Poet's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and can be produced in high volumes. In addition to providing high-speed (800G, 1.6T and above) optical modules and optical engines for AI clusters and hyperscale data centres, Poet has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Poet's Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, sometimes referred to as the Internet of Things (IoT), self-contained Edge computing applications and sensing applications, such as lidar systems for autonomous vehicles. Poet is headquartered in Toronto, with operations in Allentown, Pa., Shenzhen, China, and Singapore.

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