Mr. Thomas Mika reports

POET TECHNOLOGIES ANNOUNCES US$10 MILLION REGISTERED DIRECT OFFERING

Poet Technologies Inc. has completed a registered direct offering with a single institutional investor pursuant to which the corporation issued 3,333,334 common shares and warrants exercisable to acquire 3,333,334 common shares for aggregate gross proceeds of $10,000,002 (U.S.). The combined price of one common share and accompanying warrant in respect of one common share was $3 (U.S.) (or approximately $4.09 (Canadian)). Each warrant is exercisable to acquire one common share at an exercise price of $4 (U.S.) (or approximately $5.45 (Canadian)) per common share for a period of five years from the date of issuance.

Poet is currently experiencing strong demand for its proprietary optical engine technology that powers 800G and 1.6T speed optical modules for artificial intelligence processing clusters and light sources for advanced chip-to-chip light-based data communications and high-speed computing. The corporation intends to use the net proceeds of the offering for working capital and general corporate purposes. No commission or finder's fee was paid by the corporation, and no underwriter or sales agent was engaged by the corporation in connection with the offering.

This offering is being 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. A prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC on July 19, 2024, and are available on the SEC's website. All common shares and warrants issued under the offering were distributed to a purchaser located outside of Canada in reliance on Ontario Securities Commission Rule 72-503 (Distributions Outside of Canada), and, accordingly, all common shares and warrants issued under the offering are not subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The offering remains subject to the final acceptance of the TSX Venture Exchange.

About Poet Technologies Inc.

Poet is a design and development company offering high-speed optical engines, light-source products and custom optical modules to the artificial intelligence system market and to hyperscale data centres. Poet's photonic integration solutions are based on the Poet Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. Poet's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above), optical engines and optical modules for AI clusters and hyperscale data centres, Poet has designed and produced novel light-source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Poet's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications. Poet is headquartered in Toronto, Canada, with operations in Allentown, Pa., Shenzhen, China, and Singapore.

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