POET Technologies Announces Closing of US$150 Million Oversubscribed Registered Direct Offering of Common Shares

Rhea-AI Summary

POET (NASDAQ: POET) closed an oversubscribed registered direct offering on October 28, 2025, issuing 20,689,655 common shares for approximate gross proceeds of US$150 million before expenses.

The offering was fully subscribed by two new fundamental investment managers. The company reported a pro-forma cash position in excess of US$300 million immediately following closing. The company intends to use proceeds for corporate development, targeted acquisitions, scaling R&D, accelerating its light source business, expanding operations, and general working capital. Titan Partners Group acted as sole placement agent. The offering was made pursuant to a Form F-10 shelf registration declared effective on September 10, 2024.

Positive

• Gross proceeds of US$150 million
• Pro-forma cash > US$300 million immediately after closing
• Funds earmarked for targeted acquisitions and R&D scaling

Negative

• Issued 20,689,655 common shares, which dilutes existing shareholders

Insights

Capital Markets Strategist

POET closed an oversubscribed $150 million equity raise, lifting pro-forma cash above $300 million.

The company sold 20,689,655 common shares on October 28, 2025, receiving gross proceeds of $150 million. Two new fundamental managers participated and the placement was U.S.-only under an effective Form F-10 shelf registration. The firm states it will deploy proceeds toward corporate development, targeted acquisitions, increased R&D, acceleration of the light source business, expanded operations, and working capital.

Key dependencies and risks include execution of the stated uses and any integration work from acquisitions. The disclosure shows no transaction pricing details beyond gross proceeds and no guaranteed outcomes from intended uses. Monitor announced M&A targets, R&D milestones, and updates to cash runway; short-term visibility will come within the next 12 months as the company reports use of proceeds and operational updates.

• The offering was fully subscribed by two new fundamental investment managers.
  
• The Company’s pro-forma cash position is in excess of US$300 million immediately following the closing.
  

TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. (NASDAQ: POET) (the “Company”), 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 the closing of its previously announced registered direct offering of 20,689,655 common shares , resulting in gross proceeds of approximately US$150 million, before deducting offering expenses. The closing of the offering occurred on October 28, 2025.

Participants in the offering included two new fundamental investment managers. The Company intends to use the 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.

Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.

This offering was made in the United States only pursuant to a shelf registration statement on Form F-10 (File No. 333-280553) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on September 10, 2024. The offering was made only by means of a prospectus supplement, which was filed with the SEC and is available on the SEC’s website located at www.sec.gov. The Company also filed the prospectus supplement with the applicable securities regulatory authorities in Canada. Electronic copies of the prospectus supplement may be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.

This press 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.

About POET Technologies Inc.

POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications. POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China. More information about POET is available on our website at www.poet-technologies.com

Media Relations Contact: Adrian Brijbassi Adrian.Brijbassi@poet.tech	Company Contact: Thomas R. Mika, EVP & CFO tm@poet.tech

About Titan Partners

Titan Partners Group, a division of American Capital Partners, is a boutique investment bank specializing in tailored solutions for publicly traded emerging growth companies. Titan Partners combines expertise, trust, dedication, and a forward-thinking approach to help clients achieve their strategic capital needs.

Titan Partners Contact
info@titanpartnersgrp.com
4 World Trade Center, 49th Floor
New York, NY 10007
(929) 833-1246
www.titanpartnersgrp.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Company's expectations with respect to the Company’s products, the scalability of the POET Optical Interposer and the success of the Company's products, the Company's use of proceeds of this offering, the Company's cash position and being well-capitalized upon the closing of the offering and the Company being able to advance its business objectives. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the size of the market for its products, the capability of its operations to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Company's product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market.

For further information concerning these and other risks and uncertainties, refer to the Company's filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075

FAQ

What did POET announce on October 28, 2025 regarding a capital raise?

POET closed a registered direct offering on Oct 28, 2025, issuing 20,689,655 shares for ~US$150 million gross proceeds.

How much cash does POET have after the October 28, 2025 offering?

The company reported a pro-forma cash position in excess of US$300 million immediately following closing.

Who participated in POET's US$150 million offering (POET)?

The offering was fully subscribed by two new fundamental investment managers; Titan Partners Group acted as sole placement agent.

What will POET use the proceeds from the October 28, 2025 offering for?

Proceeds are intended for corporate development, targeted acquisitions, R&D scaling, accelerating the light source business, expanding operations, and general working capital.

Was POET's offering filed with the SEC and under what registration?

Yes; the offering was made under a shelf registration on Form F-10 (File No. 333-280553) declared effective on Sept 10, 2024.