https://app.quotemedia.com/data/downloadFiling?webmasterId=500&ref=318460227&type=HTML&symbol=POET&cdn=97fea927ca9c1ca55b614a0590136e49&companyName=POET+Technologies+Inc.&formType=6-K&formDescription=Report+of+foreign+private+issuer+pursuant+to+Rule+13a-16+or+15d-16+under+the+Securities+Exchange+Act+of+1934&dateFiled=2024-07-19

Registered Direct Offering

On July 19, 2024, POET Technologies Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with MMCAP International Inc. SPC (the “Purchaser”), pursuant to which the Company agreed to sell and issue to the Purchaser, in a registered direct offering (the “Offering”), consisting of an aggregate of (i) 3,333,334 common shares, without par value (the “Common Shares”), and (ii) a warrant or warrants (the “Warrants”) exercisable for an aggregate of up to 3,333,334 Common Shares. The Common Shares and the accompanying Warrant in respect of one Common Share, can only be purchased together in this Offering but will be issued separately and will be immediately separable upon issuance. The price for each Common Share and accompanying Warrant in respect of one Common Share was $3.00. No placement agent is involved in this Offering.

The net proceeds to the Company from the Offering are expected to be approximately $9,800,002, after deducting offering expenses payable by the Company. The Offering is expected to close on or about July 19, 2024, subject to customary closing conditions.