Poet Technologies Inc. (TSE:PTK) has released an update.
POET Technologies Inc. has announced an additional private placement financing of CAD$10 million to support its growth phase, particularly in the high-demand areas of AI processing clusters and advanced data communications. The private placement includes units priced at a discount, with each unit comprising a common share and a purchase warrant, aimed at Canadian-based institutional investors. The proceeds will be used for general working capital to fuel the company’s expansion in integrating electronic and photonic devices.
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