Core Viewpoint - POET Technologies Inc. has announced an oversubscribed registered direct offering of 20,689,655 common shares, expected to generate approximately US$150 million in gross proceeds, aimed at enhancing corporate development and operations [1][2][3] Group 1: Offering Details - The offering is fully subscribed by two new fundamental investment managers and is expected to close around October 28, 2025, subject to customary conditions [1][6] - The net proceeds will be utilized for corporate development, including targeted acquisitions, scaling R&D, accelerating the light source business, and expanding operations [2][3] Group 2: Company Overview - POET Technologies specializes in high-speed optical engines, light source products, and custom optical modules for AI systems and hyperscale data centers, utilizing its patented POET Optical Interposer™ technology [5] - The Optical Interposer platform integrates electronic and photonic devices into a single chip, offering lower costs, reduced power consumption, and scalability for high production volumes [5] Group 3: Financial Position - Following the closing of the offering, the company's pro-forma cash position is expected to exceed US$300 million, enhancing its ability to pursue acquisitions and expand operations [3][6]