An anonymous director reports

POET TECHNOLOGIES ANNOUNCES CLOSING OF US$1.6 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON SHARES AND WARRANTS

Poet Technologies Inc. has closed its previously announced underwritten public offering in the United States. The offering consisted of 1.6 million common shares of the company and warrants to purchase up to 1.6 million common shares of the company at a combined public offering price of 90 U.S. cents ($1.22 (Canadian)) per common share and accompanying warrant. Each warrant has an exercise price of $1.12 (U.S.) ($1.52 (Canadian)) per common share and is exercisable for five years from the date of issuance. In addition, the company granted the underwriter a 45-day option to purchase up to an additional 240,000 common shares and/or warrants to purchase up to an additional 240,000 common shares at the public offering price in any combination, less underwriting discounts and commissions, which the underwriter has partially exercised to purchase 186,000 additional common shares and additional warrants to purchase up to 186,000 common shares.

The gross proceeds of the offering to the company, before underwriting discounts and commissions and offering expenses, were approximately $1.6-million.

Maxim Group LLC acted as sole bookrunning manager for the offering.

Poet currently intends to use the net proceeds from the offering for general working capital purposes, including revenue expansion and the development and production of photonic modules for AI (artificial intelligence) and related markets.

The offering was made pursuant to an effective shelf registration statement on Form F-3 (file No. 333-273853) previously filed with the U.S. Securities and Exchange Commission on Aug. 9, 2023, and declared effective on Aug. 18, 2023. The securities in the offering were offered in the United States only by means of a prospectus. A final prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering has been filed with the SEC, form a part of the effective registration statement and are available on the SEC's website.

About Poet Technologies Inc.

Poet is a design and development company offering integration solutions based on the Poet Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multichip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods.

We seek Safe Harbor.