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$8.16 for a period of five years from the date of issuance.The Issue Price represents a discount of approximately 12.0% from the closing price of the Common Shares on the TSX Venture Exchange on Friday, July 4, 2025. The Corporation anticipates using the net proceeds of the Offering for working capital and general corporate purposes. The consummation of the Offering remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange, and the satisfaction of other customary closing conditions. No commission or finder’s fee will be paid in connection with the Offering.
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