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POET Technologies ( (POET) ) has shared an announcement.
On May 18, 2026, POET Technologies closed a non-brokered registered direct offering of 19,047,620 common shares and matching warrants to a single institutional investor, raising US$400 million at US$21.00 per security, a premium to its recent NASDAQ close. The three-year warrants, exercisable at US$26.25, further underscore investor confidence as POET moves to strengthen its balance sheet and support large-scale engagements in the AI infrastructure market.
The company plans to deploy the proceeds to expand manufacturing capacity roughly ten-fold in wafer production and optical engine assembly, accelerate R&D and its light source business, and pursue targeted acquisitions and partnerships. Management highlighted recent growth, including tripling its Singapore footprint, adding 20,000 square feet of assembly space in Malaysia and increasing global headcount to more than 115, positioning POET to capitalize on high-volume opportunities such as its new Lumilens agreement and to enhance its competitiveness in photonic interconnect solutions for frontier AI.
Spark’s Take on POET Stock
According to Spark, TipRanks’ AI Analyst, POET is a Neutral.
The score is held back primarily by weak financial performance (large losses, negative gross profit, and ongoing cash burn), partially offset by strong technical momentum with price well above key moving averages. Valuation is also a constraint due to a negative P/E and no stated dividend yield.
To see Spark’s full report on POET stock, click here.
More about POET Technologies
POET Technologies Inc. is a Toronto-based design and development company focused on high-speed optical engines, light source products and custom optical modules for artificial intelligence systems and hyperscale data centers. Its solutions, built on the patented POET Optical Interposer platform, integrate electronic and photonic devices on a single chip to deliver lower-cost, lower-power and highly scalable photonic interconnects across communication, computing and sensing applications.
The company supplies optical engines at speeds of 800G, 1.6T and above for AI clusters and data centers, and has developed novel light source products for chip-to-chip data communications within and between AI servers. POET operates globally with facilities in Singapore, Penang in Malaysia and Shenzhen in China, supporting its strategy to scale manufacturing and address growing bandwidth and latency challenges in AI infrastructure.
Average Trading Volume: 30,811,898
Technical Sentiment Signal: Buy
Current Market Cap: $2.44B
For detailed information about POET stock, go to TipRanks’ Stock Analysis page.