Core Insights - POET Technologies Inc. shares have seen significant price increases, closing at $7.88 and rising to $8.50 in after-hours trading, marking a 23.51% increase during the regular session and a 7.87% increase in after-hours [1][2]. Group 1: Investment and Financial Performance - The company completed a non-brokered private placement, raising $75 million in gross proceeds, which is the largest single investment in its history [2]. - A total of 13,636,364 common shares were issued at a price of $5.50 per unit, along with warrants [2]. - The company's market capitalization is currently at $715.01 million, with a share price increase of 77.48% over the last 12 months [5]. Group 2: Use of Proceeds and Strategic Plans - The net proceeds from the investment will be used for corporate development, including potential acquisitions, expanding research and development, and accelerating the light source business [3]. - The warrants issued are priced at CAD 9.78 ($7) per share and can be exercised until October 7, 2030 [3]. Group 3: Management Commentary and Market Position - Dr. Suresh Venkatesan, Executive Chairman and CEO, highlighted the growth of AI infrastructure as a significant opportunity for POET, which is well-prepared to scale its growth ambitions [4]. - The company has over $150 million in cash and no significant debt, positioning it favorably in the market for advanced AI hardware solutions [4]. - POET's stock performance has reached its highest point in the past year, indicating strong momentum in the market [4][5].