Source: POET Technologies.
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  • POET Technologies (PTK) has completed a non-brokered private placement for gross proceeds of $4,292,479.35
  • The company issued a total of 1,126,635 units at a price of $3.81 per unit
  • POET Technologies is a design and development company
  • POET Technologies Inc. (PTK) opened trading at C$4.06

POET Technologies (PTK) has completed its previously announced non-brokered private placement for gross proceeds of $4,292,479.35.

The company issued a total of 1,126,635 units at a price of $3.81 per unit. Each  unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $4.95  for a period of three years following the closing date of the offer.

The company will pay finder’s fee of $57,897.35 to Research Capital Corporation, Worldsource Capital, IBK Capital and Nuoxin Co. Ltd.

The securities issued are subject to a statutory hold period of four months. The warrants will not be listed on any exchange.

POET Technologies is a design and development company offering integrated solutions based on the POET Optical Interposer.

POET Technologies Inc. (PTK) opened trading at C$4.06.


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