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

Core Viewpoint - POET Technologies Inc. has announced a registered direct offering of 20,689,656 common shares, expected to generate approximately US$150 million in gross proceeds, aimed at enhancing corporate development and expanding operations in the AI and data center markets [1][2][3] Group 1: Offering Details - The offering is expected to close around January 23, 2026, pending customary closing conditions [1] - The net proceeds will be utilized for corporate development, including targeted acquisitions, scaling R&D, and expanding operations [2] Group 2: Company Overview - POET Technologies specializes in high-speed optical engines and light source products for AI systems and hyperscale data centers, utilizing its patented Optical Interposer™ platform [5] - The company's products are designed to be lower cost, consume less power, and are scalable to high production volumes, addressing bandwidth and latency issues in AI systems [5] Group 3: Leadership Insights - Dr. Suresh Venkatesan, Executive Chairman & CEO, highlighted the company's unique components and partnerships that position it for significant growth opportunities, both internally and through acquisitions [3]