News: Optoelectronics
10 October 2025
POET raises US$75m from institutional investor
POET Technologies Inc of Toronto, Ontario, Canada — designer and developer of the POET Optical Interposer, photonic integrated circuits (PICs) and light sources for the hyperscale data-center, telecom and artificial intelligence (AI) markets — has closed a non-brokered financing with a single institutional investor. In a private placement, the firm issued and sold 13,636,364 common shares and one common share purchase warrant (at a combined price of US$5.50 each) for gross proceeds of US$75m, before deducting related expenses.
Representing the largest single investment in its history, POET intends to use the net proceeds for corporate development, including targeted acquisitions, scaling up of R&D, acceleration of the light source business, expanding operations and general working capital.
“The massive growth of AI infrastructure represents an unprecedented opportunity for which POET is well prepared,” says executive chairman & CEO Dr Suresh Venkatesan. “Our base thesis has always been to provide a flexible integration platform for cutting-edge technologies and to scale those advanced solutions rapidly and economically,” he adds. “With a war chest of over US$150m in cash and no significant debt, we are now able to scale up our own growth ambitions in the market for advanced AI hardware solutions. This includes investments and targeted acquisitions to secure our technological lead and revenue-generating opportunities in light sources for chip-to-chip connectivity, ultra-high-speed transceivers and related applications.”
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