TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (" POET " or the " Corporation ") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical InterposerTM, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, is pleased to announce that it has completed its previously announced registered direct offering with a single institutional investor that qualifies as an "accredited investor" under National Instrument 45-106 - Prospectus Exemptions of the Canadian Securities Administrators. The Corporation issued 5,555,556 common shares (the " Common Shares ") and a warrant exercisable to acquire up to 2,777,778 Common Shares (the " Warrants ") to the investor for aggregate gross proceeds of US$25,000,002 (the " Offering ”). The combined price of one Common Share and accompanying Warrant in respect of one-half of one Common Share was US$4.50 (or approximately C$6.29). The exercise price of the Warrant is US$6.00 (or approximately C$8.39) per Common Share, and the Warrant is exercisable for a period of five years from the date of issuance. The Corporation intends to use the net proceeds of the Offering for working capital related to its recently announced intention to expand assembly operations into Malaysia and for other 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. The Offering is being made pursuant to a prospectus supplement dated December 3, 2024 (the " Prospectus Supplement ") to the short form base shelf prospectus (the " Base Shelf Prospectus ") of the Corporation dated September 6, 2024 filed with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the Corporation's U.S. registration statement on Form F-10 (" Form F-10 ") (Registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System and General Instruction II.L, which included the Prospectus Supplement with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. Copies of the Prospectus Supplement, including the Base Shelf Prospectus, are available on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the " Exchange "). This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical InterposerTM, 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 centers, 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. More information about POET is available on our website at www.poet-technologies.com . Adrian Brijbassi [email protected] Thomas R. Mika, EVP & CFO [email protected] This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation's expectations with respect to its products, the scalability of the POET Optical Interposer, the success of the Corporation's products, and the Corporation's use of proceeds for the Offering and the ability to obtain the final approval of the Exchange. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the size of the market for its products, the capability of its joint venture to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation's product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation's filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov . Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation's securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322- 5075
SUZAN STEWART: Questions to ponder in the new yearVikings waive former starting cornerback Akayleb Evans in another blow to 2022 draft class
Sports on TV for Sunday, Nov. 24Miami (Ohio), Colorado State take adjustments into Arizona BowlOpenAI faces more opposition in its for-profit transitionCFP games top 10M average, but NFL wins head-to-head
Columbia, a perennial football loser, wins Ivy League title for first time since 1961
Julia Bradbury said she has become more focused on her health than she has ever been after “death looked her in the eyes”. The 54-year-old TV presenter revealed in 2021 that she had been diagnosed with breast cancer and later underwent a mastectomy during which her breast plus two lymph glands were removed before reconstruction took place. Bradbury has since stopped drinking alcohol and has changed the priorities in her life, but revealed she has received some pushback on social media from sharing her approach. She told The Times Weekend magazine: “I wasn’t close to death, but death looked me in the eyes. So I am more focused on my health than I ever have been. “I don’t drink, I eat a healthy diet and exercise every day. “When I came home from my mastectomy, I promised I would spend time outside every day, and that is my mantra, however poor it might be in this shitty winter.” Bradbury, who has since been given the all-clear, said a doctor recently helped her reframe how she utilises her energy. She recalled: “He said, ‘This drive that you have – you’re running on a credit card. You can push through all sorts of things. But is that the best thing for you?’. “I realised you don’t have to win every race. You don’t have to overcome everything. I don’t want to max out the credit card.” The presenter previously discussed her experience in an ITV documentary, Julia Bradbury: Breast Cancer And Me, which followed her as she came to terms with her diagnosis and prepared to undergo her single mastectomy. She also regularly shares her wellness and fitness tips with her more than 270,000 Instagram followers. However, she revealed she has had pushback from people saying, “I was healthy, I go to the gym, I got cancer, and now its metastasised and I’ve got secondary cancer. So are you blaming me for my illness?”. Responding to the accusations, she added: “No. All I’m saying is, this is what I went through. It was a wake-up call, and it made me look at life differently. “It made me prioritise my sleep, emotional health, and give more time to my loved ones. “If I drink more than four units of alcohol a week, my risk of reoccurrence goes up by 28%. But people find me giving up drinking infuriating.” Bradbury, who has a 13-year-old son Zephyr, and nine-year-old twins Xanthe and Zena, said having children later in life has caused her to not be as “patient” as she feels she should be at times after becoming more set in her own ways. “People think that after you’ve got a cancer diagnosis, you become this beautiful angel with a halo, and a super mum and do everything right”, she added. “But no, you make the same mistakes. I lose my temper, and I can hear myself saying things that I can’t believe I’m saying. “None of us know what we’re doing, really. We’re just doing our best. I know they do have lots of love. They are told that they’re loved every day.”
NEW YORK (AP) — Having waited 63 years for an Ivy League football title, Columbia had to stand by for another 40 minutes. The Lions had beaten Cornell 17-9 but needed a Harvard loss against Yale to secure a share of first place on the season's final day. So Columbia players retreated to their locker room on a hill a few hundred feet from Wien Stadium to watch the game in Boston on TV as a few hundred fans remained and gazed at the gold-and-orange foliage of Inwood Hill Park glowing in Saturday's afternoon sun. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Lookman Bags 7th Serie A Goal As Atalanta Beat Parma To Go Top
KULR Technology Group, Inc. ( NYSEAMERICAN:KULR – Get Free Report )’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.42, but opened at $3.52. KULR Technology Group shares last traded at $4.36, with a volume of 27,779,337 shares changing hands. KULR Technology Group Stock Performance The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.12 billion, a P/E ratio of -38.83 and a beta of 3.17. Institutional Investors Weigh In On KULR Technology Group A number of institutional investors have recently added to or reduced their stakes in KULR. Virtu Financial LLC acquired a new position in KULR Technology Group during the third quarter valued at approximately $29,000. Geode Capital Management LLC lifted its holdings in shares of KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of KULR Technology Group during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 21.23% of the company’s stock. About KULR Technology Group KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. Further Reading Receive News & Ratings for KULR Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KULR Technology Group and related companies with MarketBeat.com's FREE daily email newsletter .Explainer: Why did Comelec disqualify Jonas Cortes?Pep Guardiola denies rumours of a rift with Kevin De Bruyne
Heavy travel day starts with brief grounding of all American Airlines flightsNEW YORK , Dec. 9, 2024 /PRNewswire/ -- It is with profound sadness that TGM mourns the death of its Co-founder and Managing Principal, Steven C. Macy (1949-2024). Steve, real estate executive, husband, brother, uncle, friend, mentor, proud parent and grandparent, and oracle of wisdom who told endless anecdotes, died in New York on December 2 nd . Steve was a dynamic leader with a breadth of interests and knowledge that matched his energy, enthusiasm, and drive. He was born and raised in Dayton, Ohio . Steve co-founded TGM Associates L.P. ("TGM") with Thomas Gochberg in July 1991 . TGM provides an integrated suite of asset and property management services to large, global institutions, including state pension funds, sovereign wealth funds, corporate pension plans, and high-net-worth individuals. Prior to co-founding TGM, Steve worked at Smith Barney Real Estate and its successor company, Security Capital, where he first met Thomas Gochberg . Steve also worked for Integrated Resources, where he headed Integrated's national portfolio of 32,000 apartments. Steve was responsible for overseeing Smith Barney's nationwide property management operations and is recognized by some as one of the principal creators of the national property management business. Prior to his tenure at Smith Barney, real estate investment was predominantly a local and regional business, and Steve was responsible for creating an organization that was national in scope and capable of efficiently managing a portfolio stretching from coast to coast. He replicated this process twice more while at Integrated Resources and TGM. Steve was profiled in Bloomberg Businessweek's Executive Profile Directory for multiple years. He was also awarded the Institute of Real Estate Management's Certified Property Manager designation and was instrumental in TGM's designation as an Accredited Management Organization by that same institution. Steve's Real Estate affiliations included being a member of the Institute of Real Estate Management, the National Multi Housing Council (he served on the Board of Directors from 1990 to 1991), the National Apartment Association, and the Pension Real Estate Association. Steve was a member and patron of numerous New York social and cultural institutions and was an active member of the New York City Catholic Diocese. He accompanied Cardinal Dolan and his predecessor, Cardinal Egan, as members of their entourage on several visits to the Vatican, where Steve met sitting Popes. Steve was also an active member of St. Ignatius Loyola's congregation on the Upper East Side of Manhattan . Steve also enjoyed traveling with his Jesuit friends, including attending several silent retreats and several trips to Israel . Steve and his wife Emi had a plethora of shared interests that included volunteering, cooking, and good food (Steve was an excellent cook and enjoyed preparing meals for all), and was an adventurous traveler. Steve had an amazing rolodex of excellent restaurants from all the places he visited and usually a good story or two from the times he frequented them. Steve dedicated significant time to mentoring young minds in search of wisdom. He once published his feelings on how to lead a "successful life" which reflected those tenets that resonated deeply with him and were evident to any person that he came in contact with. In short, Steve stated that if you wanted to change the world: Steve is survived by his wife Emi; children Christopher, Tiffany, Alexa, and Akane; grandchildren Todd Jr., Tess, Tanner and Tom; his sister Karen; and many cousins, nieces and nephews. He will be missed by all. About TGM Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of September 30, 2024, TGM has invested in 141 multifamily properties throughout 28 states. To learn more about TGM please contact John Gochberg , Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com View original content to download multimedia: https://www.prnewswire.com/news-releases/tgm-mourns-death-of-co-founder-and-managing-principal-steven-c-macy-302326734.html SOURCE TGM