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Stock impact report

POET Announces CAD$10 Million Non-brokered Financing [Financial Post (Toronto, Ontario, Canada)]

POET Technologies Inc. (POET) 
Company Research Source: Financial Post
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, is undertaking a non-brokered private placement of up to 3,258,390 units (the “Units”) of the Company at a price of CAD$3.069 per Unit (the “Offering Price”) for gross proceeds to the Company of up to C$10,000,000 (the “Offering”). The Offering has been structured to take advantage of the “listed issuer financing exemption” under applicable Canadian securities laws, whereby securities of the Company issued pursuant to the Offering will be freely tradeable equity securities not subject to any hold period (see below). Article content Article content Each Unit will consist of one common share in the Show less Read more
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