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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- 5075FACT FOCUS: Vermont ruling does not say schools can vaccinate children without parental consent
CBC resurrects plans for live New Year's Eve broadcast specials TORONTO — CBC is restoring its annual live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 special due to "financial pressures," it says the countdown is back on the TV schedule to mark the dawn of 2025. David Friend, The Canadian Press Dec 12, 2024 11:22 AM Dec 12, 2024 11:35 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Programmers at CBC say the national broadcaster will restore its annual live New Year's Eve celebrations headed into 2025 after "financial pressures" pushed it off the schedule last year. People watch fireworks during the New Year's Eve celebrations held at Nathan Phillip square in Toronto just after midnight, Tuesday, Jan. 1, 2019. THE CANADIAN PRESS/Tijana Martin TORONTO — CBC is restoring its annual live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 special due to "financial pressures," it says the countdown is back on the TV schedule to mark the dawn of 2025. Programming begins Dec. 31 with the one-hour "22 Minutes New Year's Eve Pregame Special," a satirical reflection on the year passed with the cast of the political comedy series "This Hour Has 22 Minutes." It will be followed by "Canada Live! Countdown 2025," a special hosted by news anchor Adrienne Arsenault and singer Jann Arden broadcasting live from Toronto's Harbourfront Centre, and anchor Ian Hanomansing and comedian Ali Hassan at Vancouver's VanDusen Botanical Garden. The coast-to-coast show will feature CBC reporters across the country as they count down to the new year in each of the six time zones. Last year, the CBC replaced its live New Year's programming with a taped Just For Laughs special hosted by comedian Mae Martin. It left Canadian viewers without a homegrown countdown on any of the major networks. This report by The Canadian Press was first published Dec. 12, 2024. David Friend, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Nearly half of US teens are online 'constantly,' Pew report finds Dec 12, 2024 2:03 PM Ontario mulls U.S. booze ban as Trump brushes off Ford's threat to cut electricity Dec 12, 2024 2:02 PM B.C. boosts tax incentives to support film and television production Dec 12, 2024 2:02 PM Featured FlyerUCF will attempt to shake off a dreadful offensive performance when it collides with LSU on Sunday afternoon in the third-place game of the Greenbrier Tip-Off in White Sulphur Springs, W.Va. The Knights (4-1) couldn't get anything going against No. 19 Wisconsin on Friday, going 21-for-62 from the field (33.9 percent) and just 2-for-17 from 3-point range (11.8 percent) en route to an 86-70 loss. Jordan Ivy-Curry finished with 13 points while Keyshawn Hall and Dior Johnson added 11 apiece for UCF, which never led and fell behind by as many as 23. Knights coach Johnny Dawkins is hoping that his team's struggles don't carry over into the meeting with the Tigers (4-1). "We have to do better offensively," Dawkins said. "We have to space the floor better. We have to balance our offense between our perimeter and our bigs. Those are things that we didn't do consistently (on Friday)." LSU also needs to clean things up after committing 15 turnovers in a 74-63 setback against Pitt on Friday. Tigers forward Jalen Reed doesn't believe giving the ball away will be a lingering issue. "I feel like a lot of our turnovers were more on us than them," Reed said. "I feel like a lot of the turnovers were careless, but we're a better team than that and I feel like we'll take care of the ball better moving forward." Reed and Vyctorius Miller each posted 14 points in the loss to the Panthers, with Reed also hauling in seven rebounds. Cam Carter chipped in 11 points. Carter is putting up a team-leading 16.4 points per game. Jordan Sears (12.0 points per game), Reed (11.0) and Miller (10.2) also have scoring averages in double figures. Ivy-Curry (16.8 points per game), Hall (16.2) and Darius Johnson (13.0) have been leading the way for UCF. Sunday marks the first-ever meeting between the Knights and Tigers. --Field Level MediaAUSTIN, Texas , Dec. 12, 2024 /PRNewswire/ -- Mindglobal, a leading provider of innovative Telecom Expense Management (TEM) solutions, is proud to announce its recognition in the 2024 Gartner ® Market Guide for Telecom Expense Management Services, Global. We believe this recognition underscores Mindglobal's commitment to delivering exceptional value and cutting-edge solutions to enterprises worldwide. Managing millions of mobile devices across more than 54 countries, Mindglobal continues to redefine how organizations optimize their telecom expenses and streamline operational efficiency. "We feel that being recognized in the Gartner Market Guide report is a testament to the value we deliver to our clients every day," said David Wise , co-CEO at Mindglobal. "In our view, our inclusion in the 2024 Market Guide reflects our dedication to innovation, sustainability, and providing client satisfaction. We remain committed to advancing TEM solutions that empower enterprises to manage their telecom investments effectively while contributing to a sustainable future." For more information about Mindglobal and its award-winning services, please visit https://www.mindglobal.com . Gartner, Market Guide for Telecom Expense Management Services, Global, By Matt Baldino , Katja Ruud , Danellie Young , 18 November 2024 . GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Mindglobal Mindglobal is a leading Telecom Expense Management provider headquartered in Austin, Texas . Specializing in global telecom lifecycle management, Mindglobal empowers businesses with innovative solutions to streamline telecom operations, reduce costs, and enhance operational efficiency. View original content to download multimedia: https://www.prnewswire.com/news-releases/mindglobal-recognized-in-the-2024-gartner-market-guide-for-telecom-expense-management-services-global-302330699.html SOURCE Mindglobal
To The New York Times, it was a standard journalistic practice done in the name of fairness — asking someone involved in a story for comment. To the mother of the nominee for secretary of defense, it constituted a threat. On Wednesday, Pete Hegseth's mother accused the Times of making “threats” by calling about its story on an email she had sent to her son six years earlier that criticized his treatment of women. Penelope Hegseth sought and received an interview on Fox News Channel to support her son, whose confirmation chances are threatened by a series of damaging stories about his personal conduct. At one point, she said she wanted to directly tell President-elect Trump that her son “is not that man he was seven years ago.” People are also reading... Nebraska transportation director: Expressway system won't be done until 2042 At the courthouse, Nov. 30, 2024 27-year-old Beatrice man sentenced for May assault Shoplifting investigation leads to arrest for possession of controlled substance They fell in love with Beatrice. So they opened a store in downtown. Nebraska football signing day preview: Potential flips and a 5-star up for grabs Hospice foundation helps with extra support Gage County Sheriff's Office helps catch Fairbury suspect Blue Springs family to host 2025 Cattleman's Ball Mother to Mother supporting families Beatrice company seeks to break China's stranglehold on rare-earth minerals Stabler scores 22 in Lady O's season opening win At the courthouse, Nov. 23, 2024 Holiday Lighted Parade happening Saturday Shatel: Emotions are still simmering, but Nebraska delivered the bottom line for 2024 — a bowl game She also called the Times “despicable” and attacked a basic tenet of journalism: giving someone the chance to speak for a story about actions that could be seen in a negative light. The Times' story, published Saturday , quoted from a private email that Penelope Hegseth sent to her son in 2018 while he was in the midst of divorcing his second wife. She criticized his character and treatment of women, suggesting that he get some help. “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego,” she wrote to her offspring. “You are that man (and have been for many years).” She told the Times for its story that she had sent the email in a moment of anger and followed it up two hours later with an apology. She disavows its content now. When the Times called her for comment on the story, Hegseth told Fox News that, at first, she did not respond. She said she perceived the calls as a threat — “they say unless you make a statement we will publish it as is and I think that's a despicable way to treat anyone,” she said. “I don't think a lot of people know that's the way they operate,” she said, speaking about the story. She accused the newspaper of being in it "for the money. And they don't care who they hurt, families, children. I don't believe that's the right way to do things.” Charles Stadtlander, a spokesman for the Times, said Hegseth's claim “is flatly untrue,” and she was in no way threatened. “The Times did what it always does in reporting out a story, simply reaching out and asking for a comment, which we included,” he said. Such a call is the opposite of a threat — it's an attempt to be fair, said Tom Rosenstiel, a University of Maryland professor and co-author of “Elements of Journalism: What News People Should Know and What the Public Should Expect.” “She's basically saying that brake lights are a threat because they alert you that the car ahead of you is about to stop," he said. But many Americans would perceive that call as a threat, or certainly as rude and a violation of privacy, said Tim Graham, director of media analysis at the conservative Media Research Center. “She didn't write that email to be on the front page of The New York Times,” he said. A secondary question is the newsworthiness of publishing the content of the private email, one that Hegseth said she almost immediately regretted sending and doesn't reflect how she perceives her son. Graham suggested that the newspaper wouldn't do the same for the nominee of a Democratic president-elect. “The New York Times is out to destroy these nominees,” he said. In its initial story, the Times wrote that it had obtained a copy of the email “from another person with ties to the Hegseth family.” “This was a piece of independently reported journalism published in the name of public awareness of the nominee to lead the largest department in the federal government,” Stadtlander said. “We stand behind it completely.” In many circumstances, an email from a mother to her son would be considered a private matter and out of bounds to a news organization, Rosenstiel said. But in this case, Hegseth, a former Fox News weekend host chosen by Trump to lead the Pentagon, has built himself into a public figure and is up for a very important job — and one that leads the military, which involves waging war and in which character is considered a fundamental trait. “It makes this news, honestly,” Stadtlander said. The Times wrote about Penelope Hegseth's Fox interview on Wednesday, leading with her saying her son “was not the same man he was in 2018 when she fired off an email accusing him of routinely abusing women and lacking decency and character.” There was some question about whether Hegseth would appear for an interview at his former network on Wednesday, after CNN's Kaitlan Collins posted on X the night before that “multiple people” said that was expected. A Fox News representative said that no such interview had been scheduled, and the nominee was on Capitol Hill meeting with senators. He has faced a flurry of other damaging reports, including stories about a sexual assault allegation reported to police in 2017. No charges were filed then, and Hegseth said the relationship was consensual. The New Yorker magazine wrote about reports of financial mismanagement , sexist behavior and excessive drinking when Hegseth ran a veterans' organization, and NBC News wrote about people at Fox News concerned about his alcohol use. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.The top three innovation hurdles for K-12 schools in 2025 will be attracting and retaining educators and IT professionals, keeping up with the evolution of teaching and learning, and working toward digital equity, an annual trend report found. The full report, , from the Consortium for School Networking (CoSN), a professional association for K-12 ed-tech leaders, won’t come out until February. But a Tuesday cited those top three hurdles, along with the top three factors set to accelerate and enable K-12 innovation in 2025. The findings are based on extensive surveys and discussions, according to the release. It lists the accelerators as learner agency, or the will and the skill of students to learn; building an array of school leaders; and changing attitudes about how student learning can be demonstrated and assessed. These factors will “help motivate and increase the speed of innovation,” the news release said. The report’s top three “tech enablers” for 2025 are generative artificial intelligence, analytics and adaptive technologies, and untethered broadband and connectivity. These tools will help schools “surmount hurdles and leverage accelerators,” per the release. These are what CoSN calls the “Top Topics” of the forthcoming report. More than 100 advisory board members from 13 countries and 34 states were involved in creating it and selected these topics, the news release said. It describes advisory board members as “educators, technologists, changemakers and industry partners.” “Selecting the Top Topics is a vital step in CoSN’s initiative, as it highlights the most pressing challenges and opportunities our schools face,” CoSN CEO Keith Krueger said in a public statement. “We are deeply grateful to our advisory board for their invaluable contributions — their insights, diverse perspectives and commitment to innovation make this project possible.”
Stephen A. Smith Challenges LeBron's Media Criticism: "Not Wrong, Just Not Complete"
