By Nicholas G. Miller
Poet Technologies raised $400 million in a direct offering to a single institutional investor.
The company agreed to issue and sell 19 million shares and a warrant exercisable for 19 million shares.
The combined price of the offering is $21 a share. The warrant will be exercisable at a price of $26.15 a share for three years.
Poet intends to use the net proceeds for the expansion of its manufacturing infrastructure, targeted acquisitions, scaling up of research and development, acceleration of the light source business and expanding operations.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
May 15, 2026 08:48 ET (12:48 GMT)
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