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-0.0182186234817813 -0.00607287449392718 -0.01417004048583 0 -0.0101214574898785 -0.020242914979757 -0.0283400809716599 -0.048582995951417
Stock impact report

Poet Technologies Announces US$25 Million Registered Direct Offering [Yahoo! Finance]

POET Technologies Inc. (POET) 
Company Research Source: Yahoo! Finance
developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announces its intention to complete a registered direct offering pursuant to which the Corporation expects to issue 5,555,556 common shares (the " Common Shares ") and warrants exercisable for 2,777,778 Common Shares (the " Warrant " and, together with the Common Shares, the " Offered Securities "). The combined price of one Common Share and the accompanying Warrant in respect of one-half Common Share will be US$4.50 (or approximately C$6.29), to raise aggregate gross proceeds to the Corporation of US$25,000,002 (the " Offering "). The Warrant will be exercisable at an exercise price of US$6.00 (or approximately C$8.39) per Common Share for a period of five years from the date of issuance. The Corporation anticipates using the net proceeds of the Offering for working capital related to its recently announc Show less Read more
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