POET Technologies Announces $150 Million Direct Offering, Shares Drop 8%
DATA AND AI INFRASTRUCTURE
POET Technologies Inc. announced a registered direct offering of 20,689,656 common shares, aiming to raise approximately $150 million before expenses, which contributed to an 8.1% drop in its share price. The proceeds will support corporate development, strategic acquisitions, and expansion of its optical module operations. The offering is set to close around January 23, 2026, and is intended to attract new institutional investors.

Jan 24, 2026, 6:07 AM