POET Technologies Closes $400 Million Registered Direct Offering
Idag, 17:21
11:21 AM EDT, 05/18/2026 (MT Newswires) -- POET Technologies (POET) said Monday it closed a $400 million registered direct offering with a single institutional investor, issuing shares and warrants to fund expansion of its photonic integrated circuit and optical engine business for AI and data center applications.
The company issued about 19 million common shares and an equal number of warrants at $21 per offered security, with the warrants exercisable at $26.25 per share over three years.
Proceeds will fund manufacturing expansion, R&D scaling, potential acquisitions, and faster commercialization of its optical and light source technologies as the company prepares for a transition to higher-volume manufacturing into 2027, the company added.
Shares of POET Technologies were down nearly 10% in Monday trading.
Price: 14.43, Change: -1.54, Percent Change: -9.65
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POET Technologies Closes $400 Million Registered Direct Offering
Idag, 17:21
11:21 AM EDT, 05/18/2026 (MT Newswires) -- POET Technologies (POET) said Monday it closed a $400 million registered direct offering with a single institutional investor, issuing shares and warrants to fund expansion of its photonic integrated circuit and optical engine business for AI and data center applications.
The company issued about 19 million common shares and an equal number of warrants at $21 per offered security, with the warrants exercisable at $26.25 per share over three years.
Proceeds will fund manufacturing expansion, R&D scaling, potential acquisitions, and faster commercialization of its optical and light source technologies as the company prepares for a transition to higher-volume manufacturing into 2027, the company added.
Shares of POET Technologies were down nearly 10% in Monday trading.
Price: 14.43, Change: -1.54, Percent Change: -9.65
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