On January 25, 2024, POET Technologies Inc., closed the transaction. The company issued 5,098,088 units at a price of CAD 1.22 per unit for the gross proceeds of CAD 6,219,667.36. As a part of the transaction, the company paid CAD 43,828.50 as finder fee in the transaction.

The company has raised CAD 6,200,000 ($4,600,000) from 72 investors pursuant to Regulation D. The transaction included participation from 9 insiders and 1 pro group for total pro group involvement of 30,000 shares. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on December 11, 2023.