POET TECHNOLOGIES INC.

POET Technologies Inc. provided an update on its commercial activities, including a production ramp expected in the second half of 2026 with volume shipments and plans to expand capacity to 1 million units per month by the end of 2027. The company also announced an initial deployment of approximately $50 million for capital equipment in H2 2026 and that its POET Blazar™ product is on schedule for deployment in 2028. Additionally, the company reported the results of its Annual General Meeting, where all directors were re-elected and Davidson & Company LLP was re-appointed as auditors.

POET Technologies reported the voting results of its Annual General Meeting (AGM) and provided a robust business update. The company announced its production ramp is on schedule for volume shipments in H2 2026, with plans to expand capacity tenfold to 1 million units per month by the end of 2027. POET also highlighted over 10 active customer engagements expected to generate over $100 million in future annual revenue and plans to deploy $50 million for capital equipment.

POET Technologies Inc. announced the closing of a registered direct offering, securing US$400 million in gross proceeds from a single institutional investor. The offering included 19,047,620 common shares and warrants, priced at US$21.00 per security. The company plans to utilize these funds to significantly accelerate its strategic roadmap, focusing on a ten-fold expansion of manufacturing capacity, scaling R&D, supporting corporate development activities including acquisitions, and expanding its global operational footprint and headcount.

POET Technologies Inc. announced the closing of its registered direct offering, raising gross proceeds of US$400,000,020 from a single institutional investor. The offering involved the issuance of 19,047,620 common shares and warrants for an equal number of shares, priced at US$21.00 per security, a premium over the NASDAQ closing price. The company plans to use the net proceeds to accelerate its strategic roadmap, including a ten-fold expansion of manufacturing infrastructure, support for corporate development activities like targeted acquisitions, scaling up R&D, and expanding operations.

POET Technologies Inc. announced a registered direct offering to sell 19,047,620 common shares and warrants for the same amount to MMCAP International Inc. SPC, raising approximately $400 million in gross proceeds. The funds are intended for manufacturing expansion, corporate development, R&D, and working capital. Additionally, CFO Thomas Mika plans to retire this year, and the company has appointed Sandeep Kumar as Chief Operating Officer.

POET Technologies reported its first quarter 2026 financial results, highlighting significant strategic advancements. The company secured an initial $50 million purchase order from Lumilens for EOI-based optical engines, with potential for over $500 million in cumulative purchases over five years. Additionally, POET announced strategic collaborations with LITEON and Lessengers for next-generation optical communication modules and transceivers, respectively. The company also plans to move its headquarters to the U.S. to avoid PFIC classification. For Q1 2026, POET reported NRE and product revenue of $503,389, an increase from $166,760 in Q1 2025, alongside a net loss of $12.3 million.

POET Technologies Inc. announced a definitive agreement for a non-brokered registered direct offering, securing US$400 million in gross proceeds. The offering includes 19,047,620 common shares and an equal number of warrants at a combined price of US$21.00, representing a premium over the recent NASDAQ closing price. The company plans to use the funds for manufacturing expansion, corporate development, R&D, and general working capital. Additionally, Thomas Mika, the Chief Financial Officer, will retire this year after ten years of service, and a search for his successor is underway.

POET Technologies reported its Q1 2026 financial results, showing a substantial increase in revenue to $503,389 from $166,760 in the prior year. However, the company recorded a net loss of $(12.34) million, translating to a basic and diluted loss per share of $(0.08), a reversal from Q1 2025's net income of $6.34 million. The company significantly strengthened its balance sheet through a $142.5 million common share issuance, leading to a notable increase in total assets and shareholders' equity.

POET Technologies Inc. announced a definitive agreement to issue and sell 19,047,620 common shares and warrants to a single institutional investor, raising aggregate gross proceeds of US$400,000,020. The combined price of US$21.00 per share and warrant represents a premium over the recent NASDAQ closing price. The company plans to use the net proceeds for manufacturing expansion, corporate development, R&D, and general working capital. Additionally, CFO Thomas Mika will retire this year, and a search for his successor is underway, following the recent appointment of Sandeep Kumar as COO.

POET Technologies reported Q1 2026 NRE and product revenue of $503,389 and a net loss of $12.3 million. The company announced a significant strategic joint development and commercial technology partnership with Lumilens, securing an initial $50 million purchase order for EOI-based optical engines, with potential for over $500 million in cumulative purchases over five years. Additionally, POET collaborated with LITEON and Lessengers on next-generation optical modules and 1.6T transceivers, and plans to move its headquarters to the U.S. to avoid PFIC classification.