POET Announces Closing of Private Placement Financing for CAD$10 Million
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TORONTO, May 10, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ:POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, announced the closing of its previously announced CAD$10 million private placement (the “PP Offering”) which was taken up by two institutional investors. No brokers or finders were engaged in this transaction. The PP Offering was announced on April 29, 2024 and today’s closing follows the Company’s recent closing of its CAD$10 million financing under the Listed Issuer Financing Exemption on May 3, 2024.