SCHEDULE: MMCAP International Boosts Stake in POET Technologies to 9.99%

MMCAP International Inc. SPC and MM Asset Management Inc. report a combined beneficial ownership of 9.99% in POET Technologies Inc. common shares.

Summary

• MMCAP International Inc. SPC and MM Asset Management Inc. (the "Reporting Persons") collectively beneficially own 9,763,230 Common Shares of POET Technologies Inc.
• This represents 9.99% of the outstanding Common Shares of POET Technologies Inc.
• The ownership includes 3,585,240 Common Shares and an additional 6,177,990 Common Shares underlying warrants exercisable within 60 days.
• The percentage is based on 91,552,039 Common Shares outstanding as of September 30, 2025, plus the 6,177,990 warrant shares.
• The Reporting Persons share both voting and dispositive power over these shares.
• MMCAP International Inc. SPC is a private investment vehicle, and MM Asset Management Inc. is its investment manager.

Sentiment

Score: 6

Explanation: The filing indicates a significant and continued institutional investment in POET Technologies Inc., which can be viewed positively as a vote of confidence. However, it is a factual ownership report and does not contain operational or financial performance data to assess overall sentiment beyond the investment itself.

Positives

• A significant institutional investor, MMCAP International Inc. SPC, holds a substantial stake, potentially indicating confidence in POET Technologies Inc.
• The holding includes a large number of warrants, suggesting a long-term interest or a strategic position in the company.

Future Outlook

The filing does not provide any forward-looking statements or guidance from POET Technologies Inc. or the reporting persons regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard disclosure of a significant ownership stake by an institutional investor. It does not provide specific industry context or relate to broader industry trends, but rather reflects an investment decision by MMCAP International Inc. SPC in POET Technologies Inc.

Comparison to Industry Standards

• This filing is a regulatory disclosure of beneficial ownership and does not contain information for comparison to industry-specific operational or financial benchmarks. It simply reports a significant institutional holding, which is a common occurrence across publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by MMCAP International Inc. SPC may be viewed as a positive signal, potentially increasing investor confidence and liquidity.
• Company Management: A large institutional holder like MMCAP International Inc. SPC may exert influence on corporate strategy and governance, aligning interests with long-term value creation.

Key Dates

Recommendation

The filing primarily reports a significant beneficial ownership stake by an institutional investor, MMCAP International Inc. SPC, in POET Technologies Inc. While a large institutional holding can be seen as a vote of confidence, this filing alone does not provide sufficient operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It confirms a substantial existing position, suggesting a 'hold' is appropriate for investors awaiting further fundamental updates.

Keywords

POET Technologies, MMCAP International, MM Asset Management, Schedule 13G, Beneficial Ownership, Common Shares, Warrants, Institutional Investor, Equity Stake