Business
POET Technologies Announces Closing of US$400 Million Investment
Secures financing to scale manufacturing and accelerate product leadership in photonic interconnect solutions for frontier AITORONTO, May 18, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (NASDAQ: POET) (the “Corporation”), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today announced it had closed its recently announced registered direct offering by issuing19,047,620 common shares (the “Common Shares”)
About this update from Poet Technologies Inc.
[{"type":"image","alt":"POET Technologies Inc.","displaySize":"","headline":null,"caption":"POET Technologies Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":176,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/8612668afaf8df637fa85da848625bb6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IJ60XPZ0t2tKtbRxShC4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTcz/https://media.zenfs.com/en/globenewswire.com/8612668afaf8df637fa85da848625bb6","width":176,"height":61},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/IJ60XPZ0t2tKtbRxShC4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTcz/https://media.zenfs.com/en/globenewswire.com/8612668afaf8df637fa85da848625bb6","width":176,"height":61}},"lazy":false},{"type":"text","content":"Secures financing to scale manufacturing and accelerate product leadership in photonic interconnect solutions for frontier AI","length":125,"tagName":"p"},{"type":"text","content":"TORONTO, May 18, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (NASDAQ: POET) (the “Corporation”), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today announced it had closed its recently announced registered direct offering by issuing19,047,620 common shares (the “Common Shares”) and a warrant exercisable for 19,047,620 Common Shares (the “Warrant” and together with the Common Shares, the “Offered Securities”). The sale in a non-brokered offering to a single institutional investor raised gross proceeds of US$400,000,020 for the Corporation. The agreed price for each offered security was US$21.00, a premium over the closing price of the Corporation’s common shares as quoted on the NASDAQ Capital Market of US$20.57 on Thursday, May 14, 2026. The accompanying warrant is exercisable for a period of three years from today’s date at an exercise price of US$26.25 per Common Share, representing a 25% premium over the selling price of the offered securities.","length":1057,"tagName":"p"},{"type":"text","content":"The Corporation intends to use the net proceeds from this investment to accelerate its strategic roadmap across three key dimensions of capacity, capability and credibility. This includes the expansion of its manufacturing infrastructure, support for corporate development activities, including targeted acquisitions, scaling up of R...