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POET Technologies Inc. (NASDAQ: POET) shares fell 8.1% after announcing a registered direct offering of 20,689,656 common shares, expected to generate approximately $150 million before expenses. The offering, facilitated by Titan Partners, is scheduled to close around January 23, 2026, subject to customary conditions.

Proceeds will be used for corporate development, including strategic acquisitions, enhanced research and development, and expansion of high-speed optical module and light source operations. The offering aims to attract new institutional investors to broaden the company’s investor base. POET specializes in designing optical engines and light sources for artificial intelligence systems and hyperscale data centers.