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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  • POET Technologies (NASDAQ:POET) on Friday said it has completed a registered direct offering with a single institutional investor, pursuant to which the corporation issued 3.33M common shares and warrants exercisable to acquire 3.33M common shares for aggregate gross proceeds of $10M.
  • The combined price of one common share and accompanying warrant in respect of one common share was $3.00. Each warrant is exercisable to acquire one common share at an exercise price of $4.00 per common share for a period of five years from the date of issuance.
  • The company intends to use the net proceeds for working capital and general corporate purposes.
  • Source: Press Release
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