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POET Technologies Announces Closing of US$150 Million Oversubscribed Registered Direct Offering of Common Shares

October 29, 2025
Source: manilatimes.net manilatimes.net
News Snapshot:
The offering was fully subscribed by two new fundamental investment managers. The Company’s pro-forma cash position is in excess of US$300 million immediately following the closing. TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (NASDAQ: POET) (the "Company”), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced the closing of its previously announced registered direct offering of 20,689,655 common shares , resulting in gross proceeds of approximately US$150 million, before deducting offering expenses. The closing of the offering occurred on...
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