Poet Technologies to raise $400M in registered direct offering

Poet Technologies (POET) announced it has entered into a definitive agreement to issue and sell 19,047,620 common shares and a warrant exercisable for 19,047,620 Common Shares to a single institutional investor in a non-brokered registered direct offering. The combined price of one Common Share and the accompanying Warrant in respect of one Common Share will be $21.00, raising aggregate gross proceeds of US$400,000,020. The Warrant will be exercisable at an exercise price of US$26.15 per Common Share for a period of three years from the date of issuance. The closing of the financing is expected to take place on or about Monday, May 18, 2026.