$POET Tech(POET.US)On May 15, 2026, POET Technologies entered into a securities purchase agreement with MMCAP International Inc. SPC for a registered direct offering. The company will issue 19,047,620 shares of common stock and warrants to purchase an additional 19,047,620 shares, at a price of $21.00 per share, with gross proceeds from the offering of approximately $400 million. The warrants have an exercise price of $26.25 per share and expire three years from the date of issuance. Net proceeds of approximately $399.7 million will be used to fund manufacturing expansion, corporate development activities (including acquisitions), R&D expansion, light source business acceleration, and working capital. The offering is expected to close on May 18, 2026.
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