POET Technologies announced the closing of a US$400 million registered direct offering to accelerate manufacturing scale-up and strengthen its position in photonic interconnect solutions for frontier AI infrastructure markets.
The company issued 19,047,620 common shares along with warrants exercisable for an additional 19,047,620 common shares. The offering price was US$21.00 per offered security, representing a premium over POET’s NASDAQ closing share price of US$20.57 on May 14, 2026. The warrants are exercisable for three years at US$26.25 per share, a 25% premium over the offering price.
POET said the financing will support a strategic roadmap focused on expanding manufacturing capacity, accelerating research and development, scaling its light source business, pursuing acquisitions and partnerships, and supporting broader operational growth. The company also plans to use proceeds for working capital and corporate development initiatives.
The company is currently expanding wafer production and optical engine assembly capacity by approximately tenfold to support higher-volume manufacturing beginning in 2027. POET said the scale-up is being driven by a recently announced agreement with Lumilens, along with other anticipated high-volume opportunities.
POET has also accelerated hiring efforts across engineering, technical, and management roles, bringing total global headcount to more than 115 employees. The company additionally expanded its Singapore lab and office footprint to nearly three times last year’s size and now operates 20,000 square feet of assembly space in Malaysia.
The offering was completed under an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission that became effective on January 22, 2026.
POET develops Photonic Integrated Circuits, optical engines, light source products, and optical modules for artificial intelligence systems and hyperscale data centers. Its patented POET Optical Interposer platform integrates electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. The company’s products are designed to reduce cost, power consumption, and size while supporting scalable high-volume production for AI networking infrastructure, including 800G and 1.6T optical technologies.
KEY QUOTES:
“We are in the process of expanding our capacity by roughly tenfold in both wafer production and optical engine assembly in order to support a transition to higher volume manufacturing into 2027. This expansion is being driven by the agreement we announced last week with Lumilens as well as other high-volume opportunities that are near to fruition. In parallel with our manufacturing scale-up, we have accelerated the hiring of engineering, technical and management talent, bringing our total headcount to more than 115 globally. We have also expanded our Singapore lab and office footprint by nearly three times compared to last year and now have 20,000 square feet of assembly space in Malaysia.
Corporate development is a high priority for the Company. We are actively evaluating and engaging with multiple acquisition and partnership opportunities that can strengthen our engineering capabilities, broaden our product portfolio and enhance our access to strategic technologies and components. Our objective is to build increasingly competitive and differentiated optical solutions spanning optical engines and light source products. By combining internally developed innovations with a strong ecosystem of strategic technology and supply-chain partners, we believe POET is well-positioned to deliver highly integrated, cost-effective and differentiated interconnect products for the AI infrastructure market.
Having a strong balance enhances POET’s credibility with customers, partners and suppliers and reinforces the Company’s ability to execute on long-term roadmaps, invest in innovation and is a prerequisite for large-scale commercial engagements in the AI infrastructure market.”
Dr. Suresh Venkatesan, Chairman & Chief Executive Officer, POET Technologies
