POET Technologies Upsizes and Amends $30 Million Private Placement Offering, Issuing 6 Million Common Shares

Reuters

05-21

POET Technologies Upsizes and Amends $30 Million Private Placement Offering, Issuing 6 Million Common Shares

POET Technologies Inc. has announced an amendment and upsize to its previously announced offering due to significant interest from a strategic investor. The company plans to issue 6,000,000 common shares and accompanying warrants to acquire an additional 6,000,000 shares at C$8.32 each, valid for five years. The combined price for one share and one warrant is set at US$5.00. The offering aims to raise US$30,000,000, with proceeds intended for working capital and general corporate purposes. The process will be conducted as a non-brokered private placement, with completion expected around May 22, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Poet Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-003351), on May 20, 2025, and is solely responsible for the information contained therein.

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Poet Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-003351), on May 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250520:nNDLbrRHxR:1","article_id":"2537626591","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537626591","pubTimestamp":1747776445,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"POET Technologies Inc. has announced an amendment and upsize to its previously announced offering due to significant interest from a strategic investor. 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