Agoracom: Small Cap Investment - POET Technologies Inc. - Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

foxy74

Jan 25, 2024 07:11AM

Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

bombilla

Jan 25, 2024 07:31AM

Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

Poetcatch22

Jan 25, 2024 07:32AM

BruBer

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Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

in response to

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

foxy74

posted on Jan 25, 2024 07:35AM

"Certain officers and directors of the Corporation have subscribed for an aggregate of 358,583 Units under the Offering for gross proceeds of approximately C$437,471 (US$322,725). Each subscription by an "insider" is considered to be a "related party transaction" for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders ("MI 61-101")."

That is a nice chunk!

Also, what a difference in cost!

"In connection with the Offering, the Corporation will pay an aggregate cash finders' fee of C$43,829 to GloRes Securities Inc. and World Source Securities Inc. ... for C$6.2 million!"

"Further to the Corporation's news release on December 4, 2023 announcing the closing of a US$1.6 million public offering of common shares and warrants in the United States, in connection with that closing, the Corporation paid a cash commission of US$112,518, being 7% of the gross proceeds of the public offering, to Maxim Group LLC, which acted as agent in respect of that offering."

16 Recommendations

Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a

jdp1202

Jan 25, 2024 07:53AM

Re: POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter a