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TORONTO - POET Technologies Inc. (NASDAQ:POET), currently trading at $5.34, announced Monday it will proceed with the voluntary delisting of its common shares from the TSX Venture Exchange (TSXV), with the delisting expected to take effect at the close of trading on or about Wednesday, August 27, 2025. The stock has shown remarkable strength, gaining over 34% in the past six months, according to InvestingPro data.
The company, which designs optical solutions for data centers, telecommunications, and artificial intelligence markets, will maintain its listing on the Nasdaq Capital Market under the symbol "POET." The Nasdaq listing will be unaffected by the TSXV delisting. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 1.89, while holding more cash than debt on its balance sheet.
According to the company’s press release statement, the decision aims to create a central marketplace for POET’s shares on Nasdaq, where the vast majority of its trading volume already occurs, with current average daily trading volume of 2.13 million shares. POET believes this consolidation will improve long-term liquidity and enhance shareholder value. Analysts remain optimistic about the company’s prospects, anticipating sales growth of nearly 83% this year, as revealed by InvestingPro data, which offers 8 additional key insights about the company’s performance.
Despite the delisting, POET will remain a "reporting issuer" under Canadian securities laws and will continue to provide regular disclosure in accordance with its obligations. Shareholders will still be able to trade shares through their brokers on Nasdaq, though those holding shares in Canadian brokerage accounts are advised to contact their brokers to confirm trading procedures. The stock currently trades between its 52-week range of $2.62 to $7.79, showing significant momentum with a one-year return of nearly 69%.
POET Technologies specializes in photonic integration solutions based on its patented Optical Interposer platform, which allows for the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques.
The company maintains headquarters in Toronto, Canada, with additional operations in Allentown, Pennsylvania, Shenzhen, China, and Singapore.
In other recent news, POET Technologies has announced several noteworthy developments. The company plans to raise $25 million through a non-brokered public offering, selling 5 million units at $5.00 per unit. This offering includes common shares and warrants, with each warrant exercisable for a common share at C$8.16 over five years. Additionally, POET Technologies has signed a manufacturing agreement with NationGate Solutions to produce optical engine assemblies in Malaysia. This agreement encompasses a Module Purchase Agreement and a Deed of Consignment, focusing on custom-designed fiber-attach units for a customer. In corporate governance news, Sohail Khan has been appointed to the board of directors, joining the Corporate Governance & Nominating Committee. Khan brings extensive experience from his previous roles at Coherent Corp., LightPath Technologies, and ViXS Systems Inc. These recent developments reflect POET Technologies’ strategic initiatives in both financial and operational areas.
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