NasdaqCM:POETSemiconductor
POET Technologies (POET) Is Down 16.7% After $150 Million Equity Raise To Scale AI Photonics Platform
POET Technologies recently completed a registered direct follow-on equity offering of 20,689,656 common shares at US$7.25 each, raising about US$150.00 million to fund acquisitions, research and development, and expansion of its optical module and light source businesses.
This capital raise follows POET’s Product Innovation Award in China for its Teralight 1.6T optical engines, highlighting management’s intent to scale its AI-focused photonics platform using fresh institutional...