POET Technologies Inc (POET) Prices 5M Unit Offering at $5/unit

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Go back to POET Technologies Inc (POET) Prices 5M Unit Offering at $5/unit

POET Technologies Announces US$25 Million Offering Priced at a Premium to Market

December 12, 2024 7:00 AM EST

TORONTO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announces its intention to complete a non-brokered public offering of 5,000,000 units of the Corporation (the "Units") at a price of US$5.00 (C$7.08) per Unit (the "Issue Price") for aggregate gross proceeds to the Corporation of US$25 million... More