FAQ: POET Technologies' $150 Million Oversubscribed Registered Direct Offering

What is the main announcement from POET Technologies?

POET Technologies has entered securities purchase agreements with institutional investors for an oversubscribed registered direct offering of 20,689,655 common shares, expected to raise approximately $150 million in gross proceeds.

How much money is POET Technologies raising through this offering?

The company expects to raise approximately $150 million in gross proceeds from the sale of 20,689,655 common shares.

What will POET Technologies use the funds for?

The funds will support corporate development, targeted acquisitions, R&D expansion, acceleration of the company’s light source business, and general working capital.

Who is purchasing the shares in this offering?

Institutional investors are purchasing the shares through securities purchase agreements.

What type of offering is this and what does ‘oversubscribed’ mean?

This is a registered direct offering that was oversubscribed, meaning investor demand exceeded the number of shares originally available for sale.

Who is acting as the placement agent for this offering?

Titan Partners Group, a division of American Capital Partners, is acting as sole placement agent for the offering.

What does POET Technologies do as a company?

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 hyperscale data centers, using their patented POET Optical Interposer platform.

Where is POET Technologies headquartered and where does it operate?

POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China.

What are the key benefits of POET’s Optical Interposer technology?

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.

Where can I find more information about POET Technologies and this offering?

More information about POET is available on their website at www.poet-technologies.com and the full press release can be viewed at https://ibn.fm/Cb3u7.