-+ 0.00%
-+ 0.00%
-+ 0.00%

POET Technologies closes US$400 million follow-on offering at US$21 per share

PUBT·05/18/2026 12:16:02
Listen to the news
POET Technologies closes US$400 million follow-on offering at US$21 per share
  • Poet Technologies closed a registered direct follow-on offering raising gross proceeds of US$400 million from a single institutional investor.
  • Issued 19,047,620 common shares at US$21 per share, a premium to the prior NASDAQ close of US$20.57.
  • Also issued a warrant exercisable for 19,047,620 common shares, with a three-year term and an exercise price of US$26.25 per share.
  • Net proceeds earmarked for a roughly ten-fold manufacturing capacity expansion, increased R&D, corporate development including targeted acquisitions, broader operations support.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Poet Technologies Inc. published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.