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POET Technologies Ord Shs V.PTK

Alternate Symbol(s):  POET

POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it 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. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.


TSXV:PTK - Post by User

Comment by maestrodrumboeon Oct 13, 2023 11:00pm
89 Views
Post# 35683337

RE:RE:New Press Release - POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023

RE:RE:New Press Release - POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023OUCH!!!..Not at all surprising.there is just No INterest in this POC.. .but nonetheless, still very painful to get slapped with the bad News on a  Fryday,after hours..They only raised 1.3 Mill from the ATM thus far,which means that they are even more Cash strapped than people thought..Looks like the long term potential for the Superlong investor, is quickly fading away..LMSO
 The Company has not sold any common shares under the United States-only ATM Program from its inception on September 1, 2023 through September 30, 2023. The Company has suspended sales under the United States-only ATM Program and is not required to provide notice if it resumes making sales thereunder in the future. The Company received net proceeds of approximately C$1,285,195, representing aggregate gross proceeds of approximately C$1,324,943, less aggregate cash commissions paid to Craig-Hallum and Cormark of approximately C$39,748. Dollar values disclosed above in Canadian dollars are derived from the aggregate of distributions on the TSX Venture Exchange and the Canadian-dollar equivalent of the distributions on the Nasdaq Capital Markets (based on the Bank of Canada exchange rate prevailing on each applicable sale date).
 
 
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