POET Technologies Ord Shs V.PTK

Offering document on sedar

[lscfa]

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.

[lscfa]

 The total dollar amount of this Offering, in combination with the dollar amount of all other offerings made under the listed issuer financing exemption in the 12 months immediately before the date of this offering document, will not exceed $10,000,000 (being 10% of the aggregate market value of POET's listed securities on the date that POET issued the news release announcing the Offering

[lscfa]

Where did the $5M US cash inflow come from?   Q1 revenues?           US $       Sep 30 cash          4,476,478       Oct 31 cash 3,500,000 Dec 31 cash  3,019,069       jan financing  

[lscfa]

  $US Dec21/23 Mar31/24 Apr26/24 Cash 3,019,069 ? 9,600,000 Other current assets 150,676 ? ? Current liabilities 2,536,596

[lscfa]

I suspect some helfty NRE revenues received in April. New customers want 800g designed into their products.

[maestrodrumboe]

with this financing they will tally up to 21 Mill WC,, this plus future NREs should hopefully tqke them up to the bottom of 2025 Production ,provided that management keeps to their latest timeline....IMO

[wintersun10]

If they announce orders esp with high profile customers financings should be easy. Financings will continue to be necessary, the more success, the more financings are required. If played right, that would be at ever increasing price levels. Management needs to get upgraded. Poet needs to learn from the November fiasco.

[lscfa]

Frequently changing goal posts. Looks like customers skipping past 400G and going straight to 800G.... March 15/24 MD&A - anticipated 2024 milestones - $3.6M spend on R&D for 400G Tx April 29/24 Offering document - $3.6M spend on R&D for 800G Tx