POET Technologies Inc. Announces Closing of US$400 Million Investment

POET Technologies Inc. has successfully closed a registered direct offering, raising gross proceeds of US$400,000,020. The offering involved the issuance of 19,047,620 common shares and a warrant to a single institutional investor at a price of US$21.00 per security, a premium over the market price. The company plans to utilize these funds to accelerate its strategic roadmap, focusing on expanding manufacturing capacity by tenfold to support higher volume production, scaling up research and development, and pursuing corporate development activities, including potential acquisitions. This investment is expected to enhance POET's credibility with customers and partners, enabling the company to execute long-term roadmaps and invest in innovation for the AI infrastructure market. The company is also expanding its global operations and talent pool to meet growing demand for its photonic integrated circuits, light sources, and optical modules.