Poet Technologies Secures $15M in Private Placement

The funds will be used for working capital and general corporate purposes, with shares and warrants issued to a single institutional investor.

Poet Technologies completed a non-brokered private placement raising US$15 million.
The placement involved issuing 4 million common shares and warrants for up to 2 million additional shares.
The warrants are exercisable at $5.00 per share for five years from the date of issuance.
No commission or finder's fee was paid, and no underwriter or sales agent was engaged.
The offering is subject to final acceptance by the TSX Venture Exchange.