Here is what ChatGpt responded when I asked it to breakdown the meaning etc of the ATM news release from yedterday.

The news release from POET Technologies announces an "At-the-Market" (ATM) public offering in the United States and Canada. Here's a breakdown of the key points in simpler terms for an average investor:

The news release from POET Technologies announces an "At-the-Market" (ATM) public offering in the United States and Canada. Here's a breakdown of the key points in simpler terms for an average investor:

1. Equity Distribution Agreement: POET Technologies has entered into an agreement with Craig-Hallum Capital Group LLC and Cormark Securities Inc. as agents to establish an ATM Program.

3. ATM Program: Under this program, POET Technologies has the discretion to issue and sell a certain number of its common shares (Common Shares) through the agents, aiming to raise up to US$30 million in gross proceeds.

5. "At-the-Market" Issuances: The Common Shares will be sold at prevailing market prices directly on the Nasdaq Stock Market in the United States and the TSX Venture Exchange in Canada, ensuring flexibility in pricing.

7. Purpose of the Offering: POET Technologies intends to use the net proceeds, if any, for general working capital purposes related to research and development of its optical engines for transceivers and light source modules in the AI market, capital asset purchases, and general administrative expenses.

9. Prospectus and Registration: The offer and sale of the Common Shares will be conducted through a prospectus supplement and a short form base shelf prospectus, along with a U.S. registration statement. Interested investors should review these documents for more information before making any investment decisions.

11. Availability of Documents: Copies of the prospectus and registration documents can be accessed through SEDAR (www.sedar.com) and EDGAR (www.sec.gov). Investors can also obtain copies by contacting Craig-Hallum Capital Group LLC.

13. Legal Considerations: The news release emphasizes that this announcement does not constitute an offer to sell or a solicitation to buy Common Shares in any jurisdiction where it would be unlawful without proper registration or qualification under the applicable securities laws.

About POET Technologies Inc.: POET Technologies is a design and development company focused on integration solutions using its POET Optical Interposer™ platform. The platform enables the seamless integration of electronic and photonic devices into a single chip, reducing costs and improving scalability in various applications, including AI, IoT, autonomous vehicles, and high-speed networking.

Please note that this summary provides a general understanding of the news release, and for more detailed information, it is recommended to review the full prospectus and related documents.