Mr. Thomas Mika reports

POET TECHNOLOGIES ANNOUNCES CLOSING OF US$30 MILLION PRIVATE PLACEMENT

Further to Poet Technologies Inc.'s news release dated May 20, 2025, it has completed a non-brokered private placement with a single strategic investor pursuant to which the corporation issued six million common shares of the corporation and one common share purchase warrant of the corporation exercisable until May 22, 2030, to acquire up to six million common shares at an exercise price of $8.32 per warrant share, for aggregate gross proceeds of $30-million (U.S.). The combined price of one common share and the warrant (in respect of one common share) was equal to $5.00 (U.S.).

The corporation intends to use the net proceeds of the offering for working capital and general corporate purposes. No commission or finder's fee was paid by the corporation, and no underwriter or sales agent was engaged by the corporation in connection with the offering.

All securities issued under the offering were distributed to a purchaser located outside of Canada in reliance on OSC Rule 72-503 -- Distributions Outside of Canada and, accordingly, all securities issued or made issuable under the offering are not subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The offering remains subject to the final acceptance of the TSX Venture Exchange.

About Poet Technologies Inc.

Poet is a design and development company offering high-speed optical engines, light source products and custom optical modules 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 are readily scalable to high production volumes. In addition to providing high-speed (800 gigabits, 1.6 terabits and above) optical engines and optical modules 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 across a broad range of communication, computing and sensing applications. Poet is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia, and Shenzhen, China.

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