Poet Technologies (POET) Shares Soar 4.87% on Public Offering

Poet Technologies (POET) shares surged 4.87% today, marking the fifth consecutive day of gains, with a 15.70% increase over the past five days. The stock price reached its highest level since February 2025, with an intraday gain of 13.14%.

POET Technologies recently announced a non-brokered public offering of 5 million units at US$5.00 per unit. Each unit consists of one common share and one warrant, priced at a 21.8% premium to the market. The offering is expected to raise US$25 million, with funds allocated for working capital and general corporate purposes. This move aims to strengthen POET's position in optical engines and light sources for AI systems.

The offering is anticipated to close around May 15, 2025, following the acquisition of a stake in Super Photonics Integrated Circuit Xiamen and expansion in Malaysian manufacturing. These strategic initiatives are part of POET's broader plan to enhance its market presence and technological capabilities.

Additionally, POET has increased customer engagement after showcasing its POET Teralight™ 1.6T optical engines at the 2025 OFC Conference. This event highlighted the company's innovative solutions in the optical engine market, attracting significant interest from potential clients and partners.

POET has also formed a strategic partnership with South Korea's Lessengers to develop 800G DR8 transceivers for AI and hyperscale markets. This collaboration is expected to drive substantial revenue growth for POET Technologies in the future, as it leverages the expertise of both companies to meet the growing demand for high-speed data transmission solutions.