| To: toccodolce who wrote (802) | 5/1/2024 7:22:10 AM | | From: toccodolce | | | | Unofficial POET share structure
Some numbers (not official)
posted on Apr 30, 2024 07:53PM
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Status of number of POET shares
48,239,344 Issued as of April 8,2024
3,258,300 Financing 1 on April 29,2024..........$10,000,000
3,448,225 Financing 2 on April 29,2024..........$10,000,000
Expected share number upon closinng of financiings
54,945,869
Options and Warrants previously outstanding as per most recent prospectus
15,204,265.
Breakdown
7,285,907 with weighted average exercise price of warrants is CAD$1.79 .......$13,041,773
7,918,358 with weighted average exercise price of issued and outstanding options is CAD$4.82 (being repriced lower as per news release) $to be determined
Warrants attached to latest financings April 29,2024
6,706,525 exercisable at$4.26 .......................................$28,569,796
ATM
Unknown amount of shares sold via ATM as of April 30,2024 but latest filing with respect to initial $10,000,000 raise indicates "cash on hand" which suggests some funds have been secured without identifying the source.
As at April 26, 2024, the Issuer has an existing working capital of $10,960,000 (US$8,000,000), with $13,152,000 (US$9,600,000) cash on hand. There are no finders’ fees or commissions associated with this Offering. Net of closing costs, the Issuer estimates that it will have $20,880,000 (US$15,240,000) ****Does not include 2nd $10,000,000 raised later in day April 29,2024
With no ATM shares sold and were all known options and warrants exercised the number of fully diluted shares would be
76,856,659 |
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| To: toccodolce who wrote (812) | 5/1/2024 12:52:50 PM | | From: toccodolce | | | | Sedar Plus
sedarplus.ca
This document shows how much funds to be raised and what they plan to do with those funds. Also what they did with their funds from the previous year.
What is our business?
The Issuer is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced waferlevel semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and can be produced in high volumes. In addition to providing high-speed (800G and above) optical modules and optical engines for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in - 4 - 5G networks, machine-to-machine communication, sometimes referred to as the "Internet of Things" (IoT), self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles.
Recent developments
The following summary sets out the key recent developments involving or affecting the Issuer: • At-the-Market Programs The Issuer had established an at-the-market equity program, which was initially active in both the United States and Canada, pursuant to an equity distribution agreement dated June 29, 2023, which ended on August 5, 2023. The Issuer continued the at-the-market equity program in the United States only pursuant to an equity distribution agreement dated September 1, 2023. • Platform for 1.6T Transceivers On August 15, 2023, POET announced its development of an optical interposer platform for 1.6T transceivers and beyond using 200G per lane technology utilizing POET's enhanced interposerpowered optical engines. • Optical Module for AI On March 26, 2024, the Company announced its first entry into the optical module market for artificial intelligence and cloud data center markets with an 800G pluggable transceiver. The POET Wavelight™ is an 800G 2xFR4 OSFP module that incorporates the Company’s POET Optical Interposer-based optical engine products. |
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| From: macnai | 5/4/2024 9:30:14 AM | | | | | | Arista has my vote to do some kind of deal with Poet. Andy Bechtolsheim was seen at the Poet stand at the OFC and Therese Lan Ende who currently serves as Chief Procurement Director of Arista Networks is a director of Poet.
Arista's latest set of earnings on Tuesday, May 7 |
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| To: toccodolce who wrote (794) | 5/4/2024 10:44:37 AM | | From: toccodolce | | | | POET closes 1st PP
POET Announces Closing of CAD$10 Million Non-brokered Financing with a Single Institutional InvestorMay 3, 2024
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, ONTARIO, May 3, 2024 -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, today announced the closing of its previously announced offering (the “Offering”) which was taken up entirely by a single institutional investor of CAD$10 million. No brokers or finders were engaged in this transaction.
The Offering was conducted under the Canadian listed issuer financing exemption (LIFE) program. The Company sold 3,258,390 Units, consisting of 3,258,390 common shares of the Company and warrants to purchase up to 3,258,390 common shares of the Company at a combined price of CAD$3.069 per common share and accompanying warrant. Each warrant has an exercise price of CAD$4.26 per common share and is exercisable for five years from today’s closing date.
POET is currently experiencing strong demand for its proprietary optical engine technology that powers 800G and 1.6T high-speed optical modules for AI processing clusters and light sources for advanced chip-to-chip light-based data communications and high-speed computing. Use of proceeds of this financing is for general working capital purposes aimed at supporting this significant growth phase for the Company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About POET Technologies Inc.
POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and can be produced in high volumes. In addition to providing high-speed (800G, 1.6T and above) optical modules and optical engines for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, sometimes referred to as the "Internet of Things” (IoT), self-contained "Edge" computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, with operations in Allentown, PA, Shenzhen, China and Singapore. More information may be obtained at www.poet-technologies.com.
Forward-Looking Statements
This press release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such information and statements include the Company’s anticipated use of the net proceeds of the public offering (if any).
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, the Company’s intended use of proceeds from the Offering management’s expectations regarding the success of the Company’s announced products, the timing of completion of its development efforts, the successful implementation of its optical engine or light source products, the success of its customers’ products, the capabilities of its operations, including its joint venture, and the Company’s ability to correctly gauge market needs and to produce products in the required amounts and on a timely basis. Actual results could differ materially due to a number of factors, including, without limitation, the dilutive effects of the Offering, market conditions, the failure of the Company’s products to meet performance requirements, the failure to produce products on a timely basis or at all, the failure of the Company’s optical engine or light source products to be incorporated into its customers’ products, the failure of its customers’ products to achieve market penetration, operational risks including the ability to attract key personnel, the Company’s ability to raise additional capital if necessary and the other risks described in the “Risk Factors” section in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, as updated from time to time in the Company’s filings with the SEC. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking information and statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this press release are as of the date of this press release, and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-507 |
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| From: macnai | 5/5/2024 8:19:45 AM | | | | | | A good summery of the Poet story by fairchii on Stockhouse
stockhouse.com
Post by fairchij on May 05, 2024 7:25am
Some history for those who truly want to understand.
Some history for those who truly want to understand the importance of what POET has been doing.
Suresh developed a fundamentally new concept which began in 2018 and introduced the Optical Interposer to the world. Today everyone uses it and claims the term as their own. It took 4 years to develop the technology including establishing a prototyping line in Singapore (paid for by NUS) and a manufacturing line in China (paid for by Sanan) – neither of which took cash out of the company.
From 2018 to 2021 - POET funded the company through the sale of DLS - which even today people regard as an accomplishment.
They developed on a shoestring budget all of the technology fundamentals and principles - each man in the company wearing multiple hats to get this done.
For the first time in the history of this company, POET is demonstrating solutions that are relevant to the biggest players in the industry and the opportunities uncovered are mind-boggling. They were ahead of even Coherent at the conference in developing and demonstrating 200G/lane solutions - all done in the past 5 months. Few players demonstrated this capability.
Our one failure and miss was the unavailability of the Tx solution for 400/800G - till now. Despite all of all the accomplishments - this was the one that has hurt the company the most. They put their faith in SiPho ahead of its time in 2021/2022 and then turned to DML with Lumentum in 2023. In retrospect, this was the wrong choice and they should have ridden the EML horse a lot sooner. It was the most accepted and adopted component and it should have been made the basis of the solution. Anyway, they corrected that in Q4 last year and now they have solutions in record time for both 800G and 1.6T with EMLs. The ease with which this solution has come up has not only enabled them to make the elusive 800G module solutions but also put POET at the forefront of technology.
To make the EML lasers compatible required the reinvention of the interposer architecture and they achieved first pass success. Which clearly demonstrates the flexibility of the interposer. It is hard to say whether the learnings of the past two years were what allowed for first pass success. Suresh cannot afford to bemoan past failures but can only look forward from here.
The industry is in an era of unprecedented customer concentration at the top. A few companies dictate the fate of the industry. It has become a winner take all industry in a very short span of time. Finally - POET is beginning to be relevant in that conversation.
They have had some short time angst with financing (resolved) and share price, but the future is bright and they are very focused on the positives.
It has taken a longer time than even Suresh had anticipated for the market to understand what an optical interposer can do for them - but now suddenly it is "the way it has to be". New technologies take some time to develop and evolve. And they require much more capital than Suresh has had access to at POET. I think people can see how much money other companies raise to create their solutions and compare that to what POET has had to play with.
Bottom line here folks. POET is cashed up and that big ball and chain has been removed.
The opportunities uncovered are mind-boggling |
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