12:31 PM EDT, 07/17/2025 (MT Newswires) -- POET Technologies ( POET ) Thursday said it completed its a non-brokered public offering share units that raised US$25 million.

The company placed five-million units priced at US$5.00 and made up of a share and a five-year warrant to buy a second share for C$8.16.

POET intends to use the net proceeds for working capital and general corporate purposes.

The company's shares were last seen down $0.38 to $8.76 on the TSX Venture Exchange.

Price: 8.78, Change: -0.36, Percent Change: -3.94