POET Technologies said it closed a US$400 million registered direct offering with a single institutional investor. The company plans to use the proceeds to expand manufacturing, scale research and development, pursue corporate development, and support working capital.
POET Technologies said it has closed a registered direct offering that raised gross proceeds of US$400,000,020 from a single institutional investor.
The company said the financing closed on May 18, 2026. It follows the company’s earlier announcement that it had entered into a definitive agreement for the US$400 million transaction on May 15.
POET said the deal included 19,047,620 common shares and a warrant exercisable for the same number of shares. The securities were sold at US$21.00 per unit, above the May 14 closing price of US$20.57.
The company said it plans to use the proceeds to expand manufacturing, scale research and development, pursue corporate development, expand operations, and support working capital.
POET did not disclose the identity of the investor in the materials reviewed, and it did not give final net proceeds after fees and expenses.
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