Poet Technologies closes $400M investment

POET Technologies (POET) closed its recently announced registered direct offering by issuing19,047,620 common shares and a warrant exercisable for 19,047,620 Common Shares. The sale in a non-brokered offering to a single institutional investor raised gross proceeds of $400,000,020 for the Corporation. The agreed price for each offered security was $21.00, a premium over the closing price of the Corporation’s common shares as quoted on the NASDAQ Capital Market of $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 $26.25 per Common Share, representing a 25% premium over the selling price of the offered securities. 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&D, acceleration of the light source business, expanding operations, and general working capital.