POET Technologies Completes Previously Announced US$25M Non-brokered Public Offering

Core Viewpoint - POET Technologies Inc. has successfully completed a non-brokered public offering of 5,000,000 units at a price of US$5.00 per unit, raising a total of US$25,000,000 for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with the warrant exercisable at C$8.16 for five years [1]. - The offering was fully subscribed by accredited institutional investors and was completed under a prospectus supplement filed with Canadian and U.S. regulatory authorities [3]. Group 2: Company Overview - POET Technologies specializes in high-speed optical engines and light source products for artificial intelligence systems and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [5]. - The company's products are designed to be lower cost, consume less power, and are scalable for high production volumes, addressing bandwidth and latency challenges in AI systems [5].