Re: POET Technologies Extends Warrants from 2018 Public Offering

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Re: POET Technologies Extends Warrants from 2018 Public Offering

in response to

Re: POET Technologies Extends Warrants from 2018 Public Offering

Sollozzo

posted on Mar 19, 2020 04:32PM

The Company also reported todaythat the Tranche 2b payment of US$8.25 million is on schedule and to be paid to POET on or before March 31, 2020. The Overseas Direct Investment (ODI) application submitted by the Buyer has been accepted by the Chinese authorities in Shanghai and approval of the transfer to POET is expected soon. The remaining Tranche 3 payment of US$5M is expected to be paid by the end of May 2020.