POET Technologies prices $150 million direct offering of common shares

POET Technologies Inc. (NASDAQ: POET) announced it has entered into securities purchase agreements with institutional investors for a registered direct offering of 20,689,656 common shares. The offering is expected to generate gross proceeds of approximately $150 million before deducting offering expenses.

The closing is expected to occur on or about January 23, 2026, subject to customary closing conditions. Titan Partners, a division of American Capital Partners, is acting as the sole placement agent for the offering.

The company plans to use the net proceeds for corporate development, including targeted acquisitions, scaling up research and development, acceleration of its high-speed optical module and light source businesses, expanding operations, and general working capital.

"POET's Optical Interposer™ platform and the unique high speed optical engines and light source products based on it provide differentiated solutions at each level of AI infrastructure, from chip-to-chip data communications to data transfer within the datacenter to the mobile networks that deliver that data to users," said Dr. Suresh Venkatesan, Executive Chairman and Chief Executive Officer.

Venkatesan stated the offering is expected to expand the company's institutional investor base by attracting new fundamental investors. The company operates in the artificial intelligence systems market and hyperscale data centers, designing optical engines and light source products.

The offering is being made pursuant to an automatic shelf registration statement on Form F-3 that was filed with the U.S. Securities and Exchange Commission and became automatically effective on January 22, 2026. POET is headquartered in Toronto with operations in Singapore, Penang, Malaysia and Shenzhen, China.

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