Followers | 104 |
Posts | 18751 |
Boards Moderated | 3 |
Alias Born | 04/22/2010 |
Wednesday, March 21, 2018 9:26:42 AM
GlobeNewswire•March 21, 2018
TORONTO, March 21, 2018 (GLOBE NEWSWIRE) -- POET Technologies Inc. (the "Company" or "POET") (PTK.V) (POETF) announces that it has completed its previously announced bought-deal financing of C$11,999,900 (the "Offering") plus the exercise in-full by a syndicate of underwriters led by Cormark Securities Inc. and including H.C. Wainwright & Co., LLC (the “Underwriters”) of the overallotment option of C$1,799,985 for a total gross proceeds of C$13,799,885. The total number of units of the Company ("Units") issued under the Offering was 25,090,700. Each Unit consisted of one common share of the Company (each a "Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price equal to C$0.75 for a period of 24 months following the closing of the Offering which took place today.
The Units were offered in accordance with the terms of a prospectus supplement filed in all provinces in Canada except Quebec and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and in those jurisdictions outside of Canada and the United States which were agreed to by the Company and the Underwriters, where the securities were issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.
The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include, among other things, increased operating expenses from hiring of additional staff, capital equipment purchases, increased working capital requirements and further product development and sales activities, as well as potential business or intellectual property acquisitions in support of strategic growth.
The Underwriters were paid a cash commission equal to 6% of the gross proceeds raised under the Offering (including the exercise of the over-allotment option) and have also been issued broker warrants entitling them to purchase, in the aggregate, that number of Units as is equal to 6% of the number of Units sold in the Offering (including the Units sold pursuant to the over-allotment option) at price of $0.55 per Unit for a period of 24 months from the closing of the Offering.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States or to, or for the account or benefit of, any "U.S. person" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration.
The Prospectus Supplement relating to the Offering is available free of charge on the SEDAR website at www.sedar.com and on the Company's website at www.poet-technologies.com and electronic copies may also be obtained from the offices of Cormark Securities Inc. at 200 Bay Street, Toronto, Ontario, Canada (or by emailing info@cormark.com) and from of H.C. Wainwright & Co., LLC at 430 Park Avenue, 4th Floor, New York, New York 10022 (or by emailing placements@hcwco.com). The Offering was only carried out by means of the short-form base shelf prospectus and the Prospectus Supplement, and in the United States by means of a private placement memorandum incorporating the same.
About POET Technologies
POET Technologies is a developer and manufacturer of optical light source products for the sensing and data communications markets. Integration of optics and electronics is fundamental to increasing functional scaling and lowering the cost of current photonic solutions. POET believes that its approach to both hybrid and monolithic integration of devices, utilizing a novel dielectric platform and proven advanced wafer-level packaging techniques enables substantial improvements in device cost, efficiency and performance. Optical engines based on this integrated approach have applications ranging from data centers to consumer products to military applications. POET is headquartered in Toronto, with operations in Silicon Valley, the United Kingdom, and Singapore. More information may be obtained at www.poet-technologies.com.
https://finance.yahoo.com/news/poet-technologies-completes-c-13-131412574.html
Role of polymers will accelerate quickly (slide 53)
Recent POET News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/20/2024 02:02:21 PM
- POET and Mitsubishi Electric Collaborate to Develop 3.2T Optical Engines for AI Networks • GlobeNewswire Inc. • 09/19/2024 11:35:45 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/11/2024 01:18:10 PM
- InSiGa Technologies and POET to Demonstrate Laser Driver and Optical Engine Combinations for 800G and 1.6T Optical Modules at CIOE • GlobeNewswire Inc. • 09/11/2024 11:00:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/11/2024 04:15:10 AM
- POET Selected by Mentech to Supply Engines for 800G and 1.6T Optical Modules • GlobeNewswire Inc. • 09/10/2024 11:00:00 AM
- Form F-10/A - Registration Statement for Securities of certain Canadian Issuers.: [Amend] • Edgar (US Regulatory) • 09/09/2024 09:24:46 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/05/2024 09:30:28 PM
- POET to Demonstrate Leading-Edge Optical Engines for AI Market at CIOE 2024 • GlobeNewswire Inc. • 09/05/2024 12:42:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/30/2024 06:30:17 PM
- POET Streamlines its Global Engineering Organization in Response to AI Market Demand • GlobeNewswire Inc. • 08/29/2024 11:00:00 AM
- POET Technologies Reports Second Quarter 2024 Financial Results • InvestorsHub NewsWire • 08/15/2024 12:04:07 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/14/2024 09:25:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/14/2024 08:38:21 PM
- POET Technologies Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/14/2024 08:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/02/2024 02:08:06 PM
- POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • InvestorsHub NewsWire • 08/01/2024 01:28:55 PM
- POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • GlobeNewswire Inc. • 08/01/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/19/2024 09:03:51 PM
- POET Technologies Announces US$10 Million Registered Direct Offering • GlobeNewswire Inc. • 07/19/2024 08:50:31 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 08:32:37 PM
- POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • InvestorsHub NewsWire • 06/26/2024 02:09:28 PM
- POET Wins “Best Optical AI Solution” in 2024 AI Breakthrough Awards Program • GlobeNewswire Inc. • 06/26/2024 02:05:00 PM
- POET Technologies Provides Results of 2024 Annual General and Special Meeting • GlobeNewswire Inc. • 06/25/2024 06:08:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 12:28:44 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM