POET Technologies (POETF) Plans Stock Offering

October 12, 2016 8:56 AM EDT

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POET Technologies Inc. (OTC: POETF) ( announced that it intends to offer newly issued shares of common stock, along with warrants to purchase common stock, in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, increasing working capital, further product and sales development, as well as potential business or intellectual property acquisitions in support of strategic growth.

Rodman & Renshaw (a unit of H.C. Wainwright & Co., LLC) is acting as lead book-running manager for the offering (and as sole underwriter in the United States) and Cormark Securities Inc. is acting as lead manager for the offering in Canada. IBK Capital Corp. is acting as co-manager for the offering in Canada.

The offering is being conducted pursuant to a short-form base shelf prospectus (the prospectus) previously filed and receipted with the Ontario Securities Commission (OSC) and a registration statement (which includes the prospectus) filed with the United States Securities and Exchange Commission (the SEC). Prospective investors should read in its entirety the prospectus (and the applicable prospectus supplement when filed) and the other documents that POET has filed on SEDAR and with the SEC for more complete information about the Company and the offering. A preliminary prospectus supplement (and any marketing materials) relating to the offering will be filed and will be available free of charge on the SEDAR website at www.sedar.com, on the SEC’s website at www.sec.gov and on the Company’s website at www.poet-technologies.com. The offering will be made only by means of the prospectus and the applicable prospectus supplement. When available, electronic copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained from the offices of H.C. Wainwright & Co., LLC at 430 Park Avenue, 4th Floor, New York, New York 10022 or by emailing placements@hcwco.com.

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