The underwriters will be getting 2.75% in commission for this sale.
taken from the filing.
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Issuer:
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POET Technologies Inc. (“POET” or the “Company”) |
| Offering: |
Treasury offering (the “Offering") of ■ Units (“Units”). Each Unit will consist of one (1) Common Share (“Common Share”) and ■ common share purchase warrant(s) (“Warrant”). The terms of the Warrants will be determined in the context of the market.
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| Offering Price per Unit: |
■ per Unit
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| Issue Amount: |
US$10 - US$15 million
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| Over-Allotment Option: |
The Agents shall have the option, exercisable in whole or in part until the earlier of 30 days following Closing, to increase the size of the Offering by 15% on the same terms and conditions as set forth herein, for market stabilization and to cover over-allotments, if any.
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| Use of Proceeds: |
The net proceeds from the Offering will be used for capital expansion, product and sales development & general corporate purposes.
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| Form of Offering: |
Marketed offering by way of a prospectus supplement and related prospectus to be filed in all provinces of Canada (excluding Quebec) and with the United States Securities and Exchange Commission.
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| Listing: |
An application will be made to list the Common Shares on the TSX Venture Exchange (the “TSX-V”). The existing Common Shares are listed on the TSX-V under the symbol “PTK” and on the OTC QX under “POETF”.
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| Eligibility: |
Eligible for RRSPs, RRIFs, RESPs, TFSAs, RDSPs and DPSPs in Canada.
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| Agents: |
Rodman & Renshaw (a unit of H.C. Wainwright & Co., LLC) and Cormark Securities.
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Selling Concession:
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2.75% |
| Closing: |
T + 3 from pricing date (to be determined) |
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