POET Technologies Inc. has announced an amendment and upsize to its previously announced offering due to significant interest from a strategic investor. The company plans to issue 6,000,000 common shares and accompanying warrants to acquire an additional 6,000,000 shares at C$8.32 each, valid for five years. The combined price for one share and one warrant is set at US$5.00. The offering aims to raise US$30,000,000, with proceeds intended for working capital and general corporate purposes. The process will be conducted as a non-brokered private placement, with completion expected around May 22, 2025.
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