POET Technologies (POET) Announces Intention to Complete Offering

POET Technologies Inc. (NASDAQ:POET) is one of the 10 Best Semiconductor Stocks to Buy According to Reddit. The company announced its intention to complete a non-brokered public offering of 5,000,000 units at US$5.00 per unit for aggregate gross proceeds of US$25 million. The company expects to use the net proceeds of the offering for working capital and general corporate purposes.

POET Technologies (POET) Announces Intention to Complete Offering

A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company’s production equipment.

POET Technologies Inc. (NASDAQ:POET) witnessed robust interest from institutional, strategic, and public market investors over the previous 15 months. This is mainly because of a compelling value proposition, combining critical technical and commercial achievements with a significant market opportunity, rewarding innovative hardware solutions in AI networks and systems.

In Q1 2025, POET Technologies Inc. (NASDAQ:POET) continued to build momentum throughout several fronts, such as technology innovation, strategic partnerships, commercial progress, and production capacity, positioning it for accelerated revenue growth in H2 2025. In Q1 2025, the company shipped final design samples of its POET Infinity transmit product line for 400G and 800G applications to 3 technology leaders. Such products include 400G FR4, 800G 2xFR4, and 800G DR8 transmit formats.

POET Technologies Inc. (NASDAQ:POET) is engaged in designing, developing, manufacturing, and selling semiconductor products and services for commercial applications.

While we acknowledge the potential of POET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than POET and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.