02:22:52 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



Poet Technologies Inc (2)
Symbol PTK
Shares Issued 85,541,803
Close 2025-07-17 C$ 8.87
Market Cap C$ 758,755,793
Recent Sedar Documents

Poet Technologies closes $25-million (U.S.) offering

2025-07-17 19:36 ET - News Release

Mr. Adrian Brijbassi reports

Poet TECHNOLOGIES COMPLETES PREVIOUSLY ANNOUNCED US$25M NON-BROKERED PUBLIC OFFERING

Poet Technologies Inc. has completed its previously announced non-brokered public offering of an aggregate five million units of the corporation at a price of $5 (U.S.) per unit for aggregate gross proceeds to the corporation of $25-million (U.S.). Each unit is composed of one common share of the corporation and one common share purchase warrant of the corporation, with each warrant being exercisable to acquire one common share at an exercise price of $8.16 (Canadian) for a period of five years from the date of issuance.

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.

The offering was completed pursuant to a prospectus supplement to the short form base shelf prospectus of the corporation dated Sept. 6, 2024, filed on July 16, 2025, with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the corporation's U.S. registration statement on Form F-10 (registration No. 333-280553) under the U.S.-Canada multijurisdictional disclosure system and general instruction II.L, which included the prospectus supplement with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. Copies of the prospectus supplement, including the base shelf prospectus, are available on SEDAR+ and on EDGAR. The offering was fully subscribed by certain institutional investors, each qualifying as an accredited investor under National Instrument 45-106 (Prospectus Exemptions) of the Canadian Securities Administrators.

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 system 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 G, 1.6 T and above) optical engines and optical modules for artificial intelligence 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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