QualityStocksNewsBreaks – POET Technologies Inc. (NASDAQ: POET) Announces $150 Million Oversubscribed Registered Direct Offering
POET Technologies (NASDAQ: POET), the designer and developer of the POET Optical Interposer(TM), Photonic Integrated Circuits (PICs), and light sources for data center, telecommunications, and AI markets, announced it has entered securities purchase agreements with institutional investors for the sale of 20,689,655 common shares in an oversubscribed registered direct offering expected to raise approximately $150 million in gross proceeds. The Company plans to use the funds to support corporate development, targeted acquisitions, R&D expansion, acceleration of its light source business, and general working capital. Titan Partners Group, a division of American Capital Partners, is acting as sole placement agent. To…
