POET Technologies Announces Closing of US$75 Million Investment to Accelerate Growth in AI Connectivity Solutions
Toronto, Ontario, October 7, 2025 – POET Technologies Inc. ("POET" or the "Corporation") (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 announced that it has closed a non-brokered financing with a single institutional investor. The Corporation issued and sold 13,636,364 common shares of the Corporation (the “common shares”) and one common share purchase warrant of the Corporation (the “warrant”) in a private placement for gross proceeds of US$75,000,002 (the “Investment”), before deducting related expenses. A more detailed discussion of the terms of the Investment and the securities issued therein is included further below.
This represents the largest single investment in POET’s history. The Corporation intends to use the net proceeds from this investment for corporate development, including targeted acquisitions, scaling up of R&D, acceleration of the light source business, expanding operations and general working capital.
“The massive growth of AI infrastructure represents an unprecedented opportunity for which POET is well-prepared,” said Dr. Suresh Venkatesan, Executive Chairman & Chief Executive Officer of POET. “Our base thesis has always been to provide a flexible integration platform for cutting edge technologies and to scale those advanced solutions rapidly and economically. With a war chest of over $150 million in cash and no significant debt, we are now able to scale up our own growth ambitions in the market for advanced AI hardware solutions. This includes investments and targeted acquisitions to secure our technological lead and revenue generating opportunities in light sources for chip-to-chip connectivity, ultra high-speed transceivers and related applications. We will continue to drive innovation, expand operations, and pursue revenue in key target markets, bringing long-term value to shareholders.”
Terms of the Investment
The combined price of one common share and the Warrant (in respect of one Common Share) was US$5.50. The warrant entitles the holder to purchase up to 13,636,364 common shares at a per share exercise price of C$9.78, subject to adjustment, and became exercisable immediately upon issuance. The warrant is exercisable in whole or in part until October 7, 2030. The Investment was completed on a non-brokered private placement basis pursuant to the terms and conditions of a securities purchase agreement dated October 7, 2025, between the Corporation and the investor. No commission or finder's fee was paid by the Corporation, and no underwriter or sales agent was engaged by the Corporation in connection with the Investment. All securities issued in connection with the investment were issued pursuant to OSC Rule 72-503 – Distributions Outside Canada.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
