Press Release: POET Technologies Announces Closing of US$400 Million Investment
TORONTO, May 18, 2026 -- POET Technologies Inc. , the designer and developer of Photonic Integrated Circuits , light sources and optical modules for the AI and data center markets, today announced it had closed its recently announced registered direct offering by issuing19,047,620 common shares and a warrant exercisable for 19,047,620 Common Shares . The sale in a non-brokered offering to a single institutional investor raised gross proceeds of US$400,000,020 for the Corporation. The agreed price for each offered security was US$21.00, a premium over the closing price of the Corporation's common shares as quoted on the NASDAQ Capital Market of US$20.57 on Thursday, May 14, 2026. The accompanying warrant is exercisable for a period of three years from today's date at an exercise price of US$26.25 per Common Share, representing a 25% premium over the selling price of the offered securities.