08:58 AM 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 company's share price dropped 6.6% to US$5.39 at last look in Nasdaq pre-market trading after the news.

POET, which offers optical engines, light source products and custom optical modules to AI systems and data centers, said it is offering 5 million units priced at US$5.00 apiece.

Each unit comprises one share and one warrant. 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 Thomas Mika, CFO and executive vice president of POET. "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."