POET (POET) investor reports 11.21M shares, 9.99% stake

POET Technologies Inc. reported that two related reporting persons together beneficially own 11,211,522 common shares, representing 9.99% of the outstanding class on the event date.

Rhea-AI Filing Summary

POET Technologies Inc. reported that two related reporting persons together beneficially own 11,211,522 common shares, representing 9.99% of the outstanding class on the event date. The disclosed position includes 4,172,744 directly held common shares plus 7,038,778 additional common shares underlying warrants that are exercisable within 60 days, and the calculation uses a reported share base of 105,188,673 common shares outstanding. Ownership is shown as shared voting and dispositive power, with no sole voting or dispositive power reported. One reporting person is a Cayman Islands segregated portfolio fund and the other is an Ontario-based investment adviser that manages the fund.

Insights

Institutional Investor Analyst

Position size is material and built from both shares and exercisable warrants.

The combined holding of 11,211,522 shares equals 9.99% of the class, including 7,038,778 shares from warrants exercisable within 60 days, meaning the economic and voting exposure is partially derivative in form.

This structure creates near-term dilution sensitivity and a potential shift in voting weight if warrants are exercised; monitor warrant exercise activity and any subsequent Schedule filings for changes in percentage ownership.

Corporate Governance Analyst

Shared voting power via a fund/adviser pair limits unilateral control but signals coordinated ownership.

The filing shows shared voting and dispositive power with zero sole power, indicating decisions are exercised jointly by the fund and its adviser rather than by an individual controller.

Because the reported stake sits just below 10%, investors should watch for further disclosures that could follow warrant exercises or additional purchases, which would alter governance influence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many POET (POET) shares do the reporting persons own?

They beneficially own 11,211,522 common shares, representing 9.99% of the class.

Does the 11,211,522 figure include warrants for POET?

Yes. It includes 4,172,744 directly held common shares plus 7,038,778 common shares underlying warrants exercisable within 60 days.

Who are the reporting persons on the POET filing?

The filing is by MMCAP International Inc. SPC (a segregated portfolio fund) and MM Asset Management Inc. (the adviser).

Do the reporting persons have sole voting power over POET shares?

No. The filing reports 0 sole voting power and 11,211,522 shared voting power.

What total share count was used to calculate the ownership percentage for POET?

The percentage was based on 105,188,673 common shares outstanding plus the identified warrants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/10/2025 - 04:15 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

POET Technologies Inc.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

73044W302

(CUSIP Number)

10/08/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 73044W302

1

Names of Reporting Persons

MMCAP International Inc. SPC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,211,522.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,211,522.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,211,522.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Segregated portfolio company

SCHEDULE 13G

CUSIP No. 73044W302

1

Names of Reporting Persons

MM Asset Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,211,522.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,211,522.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,211,522.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: POET Technologies Inc.
(b)	Address of issuer's principal executive offices: 120 Eglinton Avenue East, Ste. 1107, Toronto, Ontario A6 M4P 1E2
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by the following (the "Reporting Persons"): (1) MMCAP International Inc. SPC (the "Fund"); and (2) MM Asset Management Inc. (the "Adviser"). The Fund is a private investment vehicle. The Fund directly beneficially owns the Common Shares reported in this Statement. The Adviser is the investment manager of the Fund. The Adviser may be deemed to beneficially own the Common Shares directly beneficially owned by the Fund. Each Reporting Person disclaims beneficial ownership with respect to any Common Shares other than the Common Shares directly beneficially owned by such Reporting Person.
(b)	Address or principal business office or, if none, residence: The principal business office of the Fund is c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman, KY1-1108, Cayman Islands. The principal business office of the Adviser is 161 Bay Street, TD Canada Trust Tower Suite 2240, Toronto, ON M5J 2S1 Canada.
(c)	Citizenship: For citizenship or place of organization see Item 4 of the cover page of each Reporting Person.
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 73044W302
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page for each Reporting Person, and Item 2, which information is given as of the close of business on the Event Date of October 8, 2025 (and which includes 4,172,744 Common Shares and an additional 7,038,778 Common Shares underlying warrants that are exercisable within 60 days).
(b)	Percent of class: See Item 11 on the cover page for each Reporting Person. The percentages of beneficial ownership contained herein are based on: (x) 105,188,673 Common Shares outstanding as of the Event Date, as reported to the Reporting Persons directly by the Issuer; and (y) an additional 7,038,778 Common Shares underlying the warrants described above.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MMCAP International Inc. SPC

Signature:	/s/ Ulla Vestergaard
Name/Title:	Ulla Vestergaard/Director
Date:	10/10/2025

MM Asset Management Inc.

Signature:	/s/ Hillel Meltz
Name/Title:	Hillel Meltz/President
Date:	10/10/2025