Browse Tag

POET Technologies

Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

POET Technologies Stock Soars on $150M Fundraise – AI Photonics Play Heats Up

Market Summary As of the Nov 3 pre-market, POET’s shares hovered around $6.4, up about +1% on the day reuters.com. The stock’s rally over the last year has been dramatic – Finimize reports roughly a 101% gain in the 12 months through early October 2025, driven by AI-centric optimism and aggressive fundraising finimize.com. For context, POET outpaced the S&P 500 (up ~18%) handily, as investors cheered positive news on customers, industry awards and capital raises (the Oct 7 $75M placement was noted as “the largest single financing in its history” investing.com). At its peak in mid-October, POET traded near $9.4
Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

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
Mystery $75M Bet Propels POET Technologies – Tiny Optical Chipmaker Rides AI Gold Rush

Mystery $75M Bet Propels POET Technologies – Tiny Optical Chipmaker Rides AI Gold Rush

$75 Million Infusion Fuels AI Connectivity Expansion POET’s $75 million capital raise – a non-brokered private placement of ~13.64 million shares (with warrants) – marks a major vote of confidence in the company’s technology ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding it boosts POET’s balance sheet to $150 M+ cash and no debt ts2.tech ts2.tech. The deal was funded by a single institutional backer (whose identity was not disclosed), sparking speculation of a potential strategic partner behind the scenes ts2.tech. With this hefty war chest, management plans to “scale up [POET’s] growth ambitions in the
AI Boom Delivers $75 Million Windfall to POET Technologies – Optical Revolution Ahead?

AI Boom Delivers $75 Million Windfall to POET Technologies – Optical Revolution Ahead?

POET’s $75 Million Bet to Scale AI Connectivity POET Technologies – a Toronto-based designer of photonic chips – has landed a $75 million cash infusion to supercharge its growth in the AI hardware arena tipranks.com. Announced on October 7, the deal was a non-brokered private placement (13.64 million new shares plus warrants) with a single institutional investor, underscoring a strong vote of confidence in POET’s technology globenewswire.com globenewswire.com. The investment “marks the largest single investment in POET’s history” and boosts the company’s balance sheet to over $150 M in cash with no significant debt, according to CEO Dr. Suresh Venkatesan globenewswire.com globenewswire.com. “The massive growth of AI infrastructure represents an unprecedented
Go toTop