12:37 PM EDT, 07/07/2025 (MT Newswires) -- POET Technologies ( POET ) on Monday launched a US$25-million offering of units for working capital and general corporate purposes.

The optical-technologies company is offering 5-million units priced at US$5.00 apiece and made up of a share and a five-year warrant to buy a second share for C$8.16. Each warrant can be exercised for C$8.16 per share for five years.

The issue price is 12% above Friday's closing price of C$7.70 on the TSXV, the company said.

"We are very fortunate to have had strong interest from institutional, strategic and public market investors over the past 15 months," said chief financial officer Thomas Mika. "We have raised over US$100 million in equity capital at increasingly higher prices over the past year and have thereby achieved all of our near-term financing goals for the corporation."

POET shares were last seen down $0.56 to $7.14 on the TSX Venture Exchange.

Price: 7.20, Change: -0.50, Percent Change: -6.49