POET Technologies Secures $150 Million in Oversubscribed Offering to Accelerate Optical Integration Technology

POET Technologies Inc. (NASDAQ: POET) has entered into securities purchase agreements with institutional investors for the sale of 20,689,655 common shares in an oversubscribed registered direct offering expected to generate approximately $150 million in gross proceeds. The designer and developer of the POET Optical Interposer, Photonic Integrated Circuits, and light sources for data center, telecommunications, and AI markets plans to allocate the capital toward corporate development, targeted acquisitions, research and development expansion, acceleration of its light source business, and general working capital.

The substantial funding round, which was oversubscribed, demonstrates strong institutional confidence in POET's optical integration technology platform. Titan Partners Group, a division of American Capital Partners, served as the sole placement agent for the offering. This significant capital infusion positions POET to accelerate its technological roadmap and expand its market presence in critical growth sectors.

POET's core technology centers around the POET Optical Interposer, a patented platform that enables seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. This innovative approach addresses fundamental challenges in high-speed data communication by creating products that are lower cost, consume less power, are smaller in size, and are readily scalable to high production volumes compared to conventional solutions.

The company's optical integration solutions have particular relevance for artificial intelligence systems and hyperscale data centers, where POET provides high-speed optical engines and modules supporting 800G, 1.6T and above data rates. Additionally, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, addressing bandwidth and latency problems that represent the next frontier in AI system optimization.

The timing of this funding coincides with increasing demand for advanced optical solutions driven by the exponential growth of AI workloads and data center infrastructure requirements. The capital will enable POET to scale its operations and potentially pursue strategic acquisitions that could enhance its technology portfolio and market position. More information about POET is available on their website at https://www.poet-technologies.com.

Beyond its immediate applications in AI and data centers, POET's Optical Interposer platform demonstrates versatility across a broad range of communication, computing and sensing applications. The company maintains headquarters in Toronto, Canada, with operational presence in key technology hubs including Singapore, Penang, Malaysia and Shenzhen, China, positioning it strategically within global semiconductor and photonics manufacturing ecosystems.

The successful completion of this oversubscribed offering represents a significant milestone for POET Technologies as it seeks to capitalize on growing market opportunities in optical integration. The funding provides the financial foundation necessary to accelerate product development, expand manufacturing capabilities, and potentially capture market share in the rapidly evolving landscape of high-speed data communication technologies required for next-generation computing infrastructure.