02:01 PM EDT, 05/22/2025 (MT Newswires) -- POET Technologies ( POET ) on Thursday rose 2.6% after it completed a non-brokered private placement of share units with a single strategic investor for proceeds of US$30 million.

The combined price of one share and a warrant was equal to US$5.00.

The company intends to use proceeds of the offering for working capital and general corporate purposes.

Shares of the company were last seen up $0.16 at $6.24 on the TSX Venture Exchange.

Price: 6.24, Change: +0.16, Percent Change: +2.63