Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy
$75 Million Infusion Fuels POET’s AI Ambitions POET Technologies – a small Toronto-based photonic chip designer – just secured a massive $75 million cash infusion to supercharge its growth in the AI hardware arena ts2.tech. Announced on October 7, the deal was structured as a non-brokered private placement of ~13.64 million new shares (plus warrants) with a single institutional investor ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding that it boosts POET’s balance sheet to over $150 million in cash and no significant debt ts2.tech. The shares were issued at $5.50 (with an accompanying warrant), suggesting the