Multiple insider buying at POET Technologies (PTK)

Multiple insider buying at POET Technologies (V:PTK)

Thomas Mika, CFO, acquired 111,111 Common Shares on a direct ownership basis at a price of $1.220 through a prospectus or prospectus exempt offering on January 24th, 2024. The insider also acquired 111,111 Warrants with an exercise price of $1.520 for five long years. This represents a $135,555 investment into the company's shares and an account share holdings change of greater than 100%.

Suresh Venkatesan, CEO and Director, also acquired 111,111 Common Shares and 111,111 Warrants on a direct ownership basis. This represents a $135,555 investment into the company's shares and an account share holdings change of greater than 100%.

Seven other insiders also participated in smaller amounts.

POET Technologies is in the Semiconductors Sub Industry Group under the Technology Sector.

POET Technologies Inc. (POET) is a Canada-based design and development company. The Company is engaged in offering integration solutions based on the POET Optical Interposer, a platform that allows integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET's Optical Interposer eliminates costly components and labor-intensive assembly, alignment, and testing methods employed in conventional photonics. The integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET's Optical Interposer provides a variety of photonics applications ranging from data centers to consumer products.