POET Technologies Inc

POET Technologies, Inc. engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.

Earnings data Q4 2021

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Strong Balance Sheet and Recent Major Design Win Mark Beginning of Second Quarter Strong Balance Sheet and Recent Major Design Win Mark Beginning of Second Quarter

POET Technologies Reports First Quarter 2024 Financial Results

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 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.

POET Announces Closing of Private Placement Financing for CAD$10 Million

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 03, 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, today announced the closing of its previously announced offering (the “Offering”) which was taken up entirely by a single institutional investor of CAD$10 million. No brokers or finders were engaged in this transaction.

POET Announces Closing of CAD$10 Million Non-brokered Financing with a Single Institutional Investor

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 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, has added an additional CAD$10 million private placement (the “PP Offering”) to the LIFE Offering that it announced earlier in the day. POET is undertaking a non-brokered private placement of 3,448,275 units (the "Units") of the Company at a price of CAD$2.90 per Unit (the "Offering Price"), representing a discount of 15% from the closing price of the Company's common shares on the TSX Venture Exchange on Friday, April 26, 2024, for gross proceeds of CAD$10,000,000.

POET Announces Additional Private Placement Financing for CAD$10 Million

TORONTO, April 17, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and AI markets, today announced that it has augmented its investor outreach through two new engagements with external service providers. It also announced a change in the role of Vivek Rajgarhia, the Company's President & General Manager.

POET Augments Investor Outreach Efforts and Announces Management Role Change

TORONTO and SAN JOSE, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for data center, telecommunication and AI markets announced today a collaboration with MultiLane Inc., a leading provider of high-speed IO and data center interconnect test solutions, to develop next-generation, performance-optimized pluggable 800G, 1.6T and higher speed transceivers using POET's newly designed transmit and receive optical engines. POET and MultiLane will focus on jointly developing pluggable transceivers that will reduce cost and improve power efficiency over existing solutions, and address the increasing need for more scalable hardware components for AI and cloud data center markets.

POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks

TORONTO and SAN DIEGO, March 26, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and AI markets, today announced its first entry into the optical module market for artificial intelligence and cloud data center markets with an 800G pluggable transceiver. The Wavelight™ is an 800G 2xFR4 OSFP module that incorporates the Company's POET Optical Interposer™ technology and related optical engine products.

POET Enters Optical Module Market with 800G Transceiver for Artificial Intelligence Networks

TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: 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 artificial intelligence markets, announced today, that it intends to amend the terms of 563,317 common share purchase warrants of the Corporation (the "Warrants") that were issued pursuant to a private placement that closed on December 2, 2022 (the "Private Placement"). Each Warrant is currently exercisable by the holder thereof to acquire one common share of the Corporation (each, a "Common Share") at an exercise price of C$4.95 (US$3.61) per Common Share until December 2, 2025. The purpose of the proposed amendments (collectively, the "Amendments") is to (i) reduce the exercise price of the Warrants from C$4.95 (US$3.61) to C$1.80 (US$1.33) per Common Share, and (ii) add an Acceleration Clause (as defined herein) to comply with the requirements of the TSX Venture Exchange (the "Exchange").

POET Technologies Announces Intention to Amend Warrant Terms

TORONTO and SAN DIEGO, March 21, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and AI markets, today announced it will expand on its leadership role in deploying next-generation silicon photonics products when it features live demonstrations of new modules and optical engines during the 2024 Optical Fiber Communications (OFC) Conference Exhibition to be held in San Diego, California from March 26 – 28, 2024.

POET to Demo AI Hardware Products for 800G and Beyond at OFC 2024

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported its audited consolidated financial results for the fourth quarter ended December 31, 2023. The Company's financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated.

POET Technologies Reports Fourth Quarter 2023 Financial Results

TORONTO, Feb. 20, 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 artificial intelligence markets, today announced that the board of directors of the Company has granted 765,000 stock options to purchase common shares to officers, other employees and consultants of the Company . The stock option grant includes the award of 420,000 stock options to officers of the Company, 220,000 to other employees and 125,000 to consultants.

POET Technologies Announces the Grant of Stock Options

POET Technologies has developed the world's first wafer-level optical interposer, with strong interest from data center customers and series production ramping up. The company also aims to deliver photonics solutions for the AI market and has signed a partnership and sales agreement with Celestial AI. It expects a $19 billion TAM by 2029 and plans to expand into other markets such as LIDAR and AR/VR.

POET: 2024 Could Be The Year For The Tide To Turn

TORONTO, Jan. 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV:PTK, NASDAQ:POET) is pleased to announce the completion of its non-brokered private placement previously announced on December 11, 2023, pursuant to which an aggregate of 5,098,088 units of the Corporation (the "Units") were issued at a price of $1.22 (US$0.90) per Unit for an aggregate gross proceeds of approximately C$6.2 million (US$4.6 million) (the "Offering"). Each Unit is comprised of one common share in the capital of the Corporation (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional common share of the Corporation (each, a "Warrant Share") at a price of C$1.52 (US$1.12) per Warrant Share for a period of five years following the date of issuance of such Warrant.

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2024 Results

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV:PTK, NASDAQ:POET) today announces that, in response to additional interest in its non-brokered private placement previously-announced and described in the Corporation's news releases of December 11, 2023 and January 16, 2024 (as amended, the "Offering"), the Offering will be upsized. The Offering will now consist of up to 5,100,000 units of the Corporation (the "Units") at a price of C$1.22 (US$0.90) per Unit for aggregate gross proceeds of up to approximately C$6,222,000 million (US$4,590,000 million).

POET Technologies Upsizes Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET) is pleased to announce that it is undertaking a non-brokered private placement of up to 4,098,360 units of the Corporation (the "Units") at a price of C$1.22 (US$0.90) per Unit, for aggregate gross proceeds of up to approximately C$5.0 million (US$3.7 million) (the "Offering"). Each Unit will be comprised of one common share of the Corporation (each, a "Common Share") and one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share at a price of C$1.52 (US$1.12) per Common Share for a period of five years following the date of issuance of such Warrant.

POET Technologies Announces Non-Brokered Private Placement

TORONTO, Dec. 08, 2023 (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 artificial intelligence markets, today announced its recognition by noted semiconductor industry expert and author Mark Stansberry.

POET Technologies Earns High Praise from Industry Expert in New e-Book

TORONTO, Dec. 05, 2023 (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 artificial intelligence markets, today issued a letter to shareholders from its Chief Executive Officer, Dr. Suresh Venkatesan, providing a review of recent accomplishments and vision for 2024.

POET Technologies Issues Letter to Shareholders

TORONTO, Dec. 04, 2023 (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 artificial intelligence markets, today announced the closing of its previously announced underwritten public offering in the United States (the “Offering”). The Offering consisted of 1,600,000 common shares of the Company and warrants to purchase up to 1,600,000 common shares of the Company at a combined public offering price of US$0.90 (CAD$1.22) per common share and accompanying warrant. Each warrant has an exercise price of US$1.12 (CAD$1.52) per common share and is exercisable for five years from the date of issuance. In addition, the Company granted the underwriter a 45 day option to purchase up to an additional 240,000 common shares and/or warrants to purchase up to an additional 240,000 common shares at the public offering price in any combination, less underwriting discounts and commissions, which the underwriter has partially exercised to purchase 186,000 additional common shares and additional warrants to purchase up to 186,000 common shares.

POET Technologies Announces Closing of US$1.6 Million Underwritten Public Offering of Common Shares and Warrants

TORONTO, Nov. 30, 2023 (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 artificial intelligence markets, today announced the pricing of its previously announced underwritten public offering in the United States (the “Offering”). The Offering consists of 1,600,000 common shares of the Company and warrants to purchase 1,600,000 common shares of the Company at a public offering price of US$0.90 (CAD$1.22) per common share and accompanying warrant. Each warrant is exercisable at an exercise price of US$1.12 (CAD$1.52) per common share for a period of five years from issuance. Gross proceeds from the Offering are expected to be approximately $1.4 million (CAD$1.9 million) before deducting underwriting discounts, commissions and estimated offering expenses and without giving effect to the exercise, if any, of the overallotment option described below.

POET Technologies Announces Pricing of US$1.4 Million Underwritten Public Offering of Common Shares and Warrants

TORONTO, Nov. 22, 2023 (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 artificial intelligence markets, today provided commentary on recent events, including the above average trading activity in its stock over the past two weeks.

POET Comments on Recent Market Activity

TORONTO, Nov. 14, 2023 (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 artificial intelligence markets, today reported its unaudited consolidated financial results for the third quarter ended September 30, 2023. The Company's financial results as well as the Management Discussion and Analysis have been filed on SEDAR+ and are available on the SEC's EDGAR website (www.sec.gov/EDGAR). All financial figures in this press release are in United States dollars unless otherwise indicated.

POET Technologies Reports Third Quarter 2023 Financial Results

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- OET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and artificial intelligence markets, is providing preliminary key financial data in advance of the Company's expected quarterly reporting on or before November 15, 2023.

POET Provides Financial Update

TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and artificial intelligence markets, today announced it has commenced an underwritten public offering in the United States (the “U.S. Offering”). Concurrently, the Company has also commenced a non-brokered offering in Canada (the "LIFE Offering" and, together with the U.S. Offering, the "Offering"). The Offering consists of common shares of the Company and warrants to purchase common shares and is subject to market conditions. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size, pricing or other terms of the Offering. In addition, POET intends to grant the underwriter a 45-day option to purchase up to an additional 15 percent of the number of common shares and/or warrants offered in the U.S. Offering.

POET Technologies Announces Public Offering of Common Shares and Warrants

TORONTO, Oct. 13, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (the "Company" or “POET”) (TSXV: PTK; NASDAQ: POET) hereby reports on the sales under the Company's "at-the-market" equity program (the "ATM Program") during the fiscal quarter ended September 30, 2023.

POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023

TORONTO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication and artificial intelligence markets, today announced that it is collaborating with Yuanjie Semiconductor Technology Inc. (YST), a leading supplier of high-performance lasers. The collaboration will enable POET's joint venture, Super Photonics Xiamen (SPX), to ramp optical engines to high-volume production utilizing YST's lasers.

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