POET Technologies Closes $150 Million Direct Offering
MT Newswires Live
Oct 29, 2025
POET Technologies (POET) said Tuesday it has closed its direct offering of about 20.7 million shares, raising around $150 million.
The company said participants in the offering included two new fundamental investment managers. Titan Partners Group, a division of American Capital Partners, was the placement agent.
Net proceeds from the offering will be used for corporate development and working capital, according to a statement.
Shares were over 2% lower in recent trading.
Price: 7.23, Change: -0.18, Percent Change: -2.43
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