POET Technologies (POET) announces its intention to complete a non-brokered public offering of 5,000,000 units of the Corporation at a price of $5.00 per Unit for aggregate gross proceeds to the Corporation of $25M. Each Unit will be comprised of one common share of the Corporation and one common share purchase warrant of the Corporation, with each Warrant being exercisable to acquire one Common Share at a price of C$8.32 for a period of five years from the date of issuance. The Issue Price represents a premium of approximately 21.8% over the closing price of the Common Shares on the TSX Venture Exchange on Friday, April 25, 2025. The Corporation anticipates using the net proceeds of the Offering for working capital and general corporate purposes.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on POET:
- POET Technologies Expands Customer Base with New Optical Innovations
- Poet Technologies announces new customer engagement following showcase
- Largest borrow rate increases among liquid names
- POET Technologies Reports Strategic Advances and Financial Strength in Q4 2024
- POET Technologies Wins Prestigious Award for AI Hardware Innovation
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue