POET Technologies Announces US$25 Million Offering Priced at a Premium to Market
POET Technologies has announced a non-brokered public offering of 5,000,000 units at US$5.00 per unit, aiming to raise US$25 million. Each unit includes one common share and one warrant exercisable at C$8.32 for five years. The offering price represents a 21.8% premium over the closing price on April 25, 2025.
The offering is expected to be fully subscribed by a single Canadian institutional investor and should close around May 15, 2025. This follows the completion of POET's acquisition of San'an Optical's 24.8% stake in Super Photonics Integrated Circuit Xiamen (SPX) and progress in Malaysian manufacturing expansion. The proceeds will be used for working capital and general corporate purposes, strengthening POET's position in optical engines and light sources for AI systems.
POET Technologies ha annunciato un'offerta pubblica senza intermediari di 5.000.000 di unità a 5,00 USD ciascuna, con l'obiettivo di raccogliere 25 milioni di USD. Ogni unità comprende un'azione ordinaria e un warrant esercitabile a 8,32 CAD per cinque anni. Il prezzo dell'offerta rappresenta un premio del 21,8% rispetto al prezzo di chiusura del 25 aprile 2025.
L'offerta dovrebbe essere interamente sottoscritta da un unico investitore istituzionale canadese e si prevede la chiusura intorno al 15 maggio 2025. Questo segue il completamento dell'acquisizione da parte di POET della partecipazione del 24,8% di San'an Optical in Super Photonics Integrated Circuit Xiamen (SPX) e i progressi nell'espansione della produzione in Malesia. I proventi saranno utilizzati per il capitale circolante e scopi aziendali generali, rafforzando la posizione di POET nei motori ottici e nelle sorgenti luminose per sistemi di intelligenza artificiale.
POET Technologies ha anunciado una oferta pública sin intermediarios de 5.000.000 de unidades a 5,00 USD por unidad, con el objetivo de recaudar 25 millones de USD. Cada unidad incluye una acción común y un warrant ejercitable a 8,32 CAD durante cinco años. El precio de la oferta representa una prima del 21,8% sobre el precio de cierre del 25 de abril de 2025.
Se espera que la oferta sea totalmente suscrita por un único inversor institucional canadiense y que cierre alrededor del 15 de mayo de 2025. Esto sigue a la finalización de la adquisición por parte de POET de la participación del 24,8% de San'an Optical en Super Photonics Integrated Circuit Xiamen (SPX) y al avance en la expansión de la fabricación en Malasia. Los fondos se utilizarán para capital de trabajo y fines corporativos generales, fortaleciendo la posición de POET en motores ópticos y fuentes de luz para sistemas de inteligencia artificial.
POET Technologies는 단독 중개인 없이 5,000,000 단위를 단위당 5.00달러에 공개 발행하여 2,500만 달러를 조달할 계획이라고 발표했습니다. 각 단위에는 보통주 1주와 5년 동안 행사 가능한 CAD 8.32 행사가격의 워런트 1개가 포함되어 있습니다. 발행가는 2025년 4월 25일 종가 대비 21.8%의 프리미엄을 나타냅니다.
이번 발행은 캐나다의 단일 기관 투자자가 전량 인수할 것으로 예상되며, 2025년 5월 15일경 마감될 예정입니다. 이는 POET가 San'an Optical의 Super Photonics Integrated Circuit Xiamen(SPX) 지분 24.8%를 인수 완료하고 말레이시아 제조 확장에 진전을 이룬 데 따른 것입니다. 조달 자금은 운전자본 및 일반 기업 목적에 사용되어 AI 시스템용 광학 엔진과 광원 분야에서 POET의 입지를 강화할 것입니다.
POET Technologies a annoncé une offre publique sans intermédiaire de 5 000 000 d’unités au prix de 5,00 USD par unité, visant à lever 25 millions de dollars US. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 8,32 CAD pendant cinq ans. Le prix de l’offre représente une prime de 21,8 % par rapport au cours de clôture du 25 avril 2025.
L’offre devrait être entièrement souscrite par un unique investisseur institutionnel canadien et devrait se clôturer vers le 15 mai 2025. Cela fait suite à l’achèvement par POET de l’acquisition de la participation de 24,8 % de San'an Optical dans Super Photonics Integrated Circuit Xiamen (SPX) et aux progrès dans l’expansion de la production en Malaisie. Les fonds seront utilisés pour le fonds de roulement et des fins générales d’entreprise, renforçant la position de POET dans les moteurs optiques et les sources lumineuses pour les systèmes d’IA.
POET Technologies hat eine nicht vermittelte öffentliche Platzierung von 5.000.000 Einheiten zu je 5,00 USD angekündigt, mit dem Ziel, 25 Millionen USD zu beschaffen. Jede Einheit beinhaltet eine Stammaktie und einen Warrant, der fünf Jahre lang zu 8,32 CAD ausgeübt werden kann. Der Ausgabepreis entspricht einem Aufschlag von 21,8 % gegenüber dem Schlusskurs vom 25. April 2025.
Die Platzierung wird voraussichtlich vollständig von einem einzigen kanadischen institutionellen Investor gezeichnet und soll etwa am 15. Mai 2025 abgeschlossen werden. Dies folgt auf den Abschluss der Übernahme des 24,8%-Anteils von San'an Optical an Super Photonics Integrated Circuit Xiamen (SPX) durch POET sowie Fortschritte beim Ausbau der Produktion in Malaysia. Die Erlöse werden für das Betriebskapital und allgemeine Unternehmenszwecke verwendet und stärken POETs Position im Bereich optischer Motoren und Lichtquellen für KI-Systeme.
- Offering price at 21.8% premium to market value
- Secured single institutional investor for entire US$25M offering
- No commission or finder's fee required for the offering
- Company reports robust existing cash position
- Successfully completed SPX acquisition
- Additional share issuance may lead to dilution
- Delayed from previously announced December 2024 offering
Insights
POET's $25M premium-priced offering signals exceptional investor confidence, strengthening its AI optical connectivity position after completing strategic milestones.
POET Technologies has announced a
The offering structure includes 5 million units at
What's particularly strategic is the timing - POET had previously announced similar terms in December 2024 but postponed to prioritize completing its acquisition of a
The article notes POET already maintains a "robust cash position," indicating this raise is for offensive growth rather than covering operational shortfalls. The proceeds are designated for working capital and general corporate purposes, specifically to "further establish the Corporation as a leading supplier of optical engines and light sources that power connectivity in artificial intelligence systems and networks."
The offering's single institutional investor structure streamlines the capital raise process but does create concentration in investor base. This simplified approach, combined with the premium pricing and strategic timing following milestone completions, positions POET with enhanced resources to execute in the high-growth AI connectivity market.
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks 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
The Issue Price represents a premium of approximately
The Offering will be made by way of a prospectus supplement (the "Prospectus Supplement") to the short form base shelf prospectus of the Corporation dated September 6, 2024, which Prospectus Supplement will be prepared and filed by the Corporation prior to the closing of the Offering with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the Corporation's U.S. registration statement on Form F-10 ("Form F-10") (Registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System, with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. The Offering is expected to be fully subscribed by a single institutional investor in Canada that qualifies as an "accredited investor" under National Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.
The consummation of the Offering remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange"), and the satisfaction of other customary closing conditions. No commission or finder's fee will be paid in connection with the Offering.
The Corporation had announced the terms of a similar offering on December 12, 2024. However, the Corporation decided to postpone such offering in order to prioritize the completion of its previously announced acquisition of Quanzhou San'an Optical Communication Technology Co., Ltd.'s
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.
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 |
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 Corporation's expectations with respect to consummation of the Offering, the Corporation’s ability to complete the Offering on the announced terms, the Corporation’s products, the scalability of the POET Optical Interposer and the success of the Corporation's products, the Corporation's ability satisfy all closing conditions and close the Offering within the announced timeline, the investor acquiring all of the Units under the Offering on the terms announced, the Corporation's use of proceeds for the Offering, the Corporation's ability to complete the Malaysia expansion, the Corporation's ability to obtain the final approval of the Exchange, the Corporation being well-capitalized upon the closing of the Offering and the Corporation 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 SPX 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 Corporation'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 Corporation'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 Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation's securities should not place undue reliance on forward-looking statements because the Corporation 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 Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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FAQ
What are the terms of POET Technologies' US$25 million offering announced in April 2025?
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