POET Technologies raises $150M in a direct offering

* POET Technologies (NASDAQ:POET [https://seekingalpha.com/symbol/POET]) entered into securities purchase agreements with [https://seekingalpha.com/pr/20279634-poet-technologies-announces-pricing-of-us-150-million-oversubscribed-registered-direct] institutional investors for the purchase and sale of ~20.69M common shares in an oversubscribed registered direct offering.
* The offering is expected to result in gross proceeds of ~$150M.
* The closing of the offering is expected to occur on or about October 28, 2025.
* The company intends to use the net 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.
* The company's pro forma cash position is expected to be exceed $300M following closing.
* The stock price traded ~13% higher as market sentiment underscores investor confidence.

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