On October 7, 2025, POET Technologies Inc. (NASDAQ: POET) announced the completion of a non-brokered private placement, securing $75,000,002 in gross proceeds. The company issued 13,636,364 common shares at a price of $5.50 per share, accompanied by warrants exercisable at $7 each, with a maturity date of October 7, 2030. This investment, the largest in POET’s history, was made by a single institutional investor and is expected to bolster the company’s expansion into artificial intelligence (AI) and optical networking sectors
Founded in 1972 and headquartered in Toronto, Canada, POET Technologies specializes in the development of high-speed optical engines and light source products. The company’s flagship technology, the Optical Interposer, integrates electronics and photonics onto a single chip, aiming to revolutionize data communication and computing, particularly in AI and data center applications
Market Context and Competitors
The optical interposer market is experiencing significant growth, driven by the increasing demand for high-speed data transmission in AI and cloud computing infrastructures. POET Technologies faces competition from established players such as Lumentum Holdings, Broadcom Inc., and Finisar Corporation, which offer similar photonic solutions. Additionally, companies like Celestial AI, Ayar Labs, and Plaid Semiconductors are emerging as notable competitors in the chip-scale photonics space
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