SCHEDULE: MMCAP International Reports 9.99% Stake in POET Technologies

MMCAP International Inc. SPC and MM Asset Management Inc. have reported a combined beneficial ownership of 9.99% of POET Technologies Inc. common shares, including warrants.

Summary

• MMCAP International Inc. SPC and MM Asset Management Inc. (the "Reporting Persons") collectively beneficially own 11,211,522 Common Shares of POET Technologies Inc.
• This aggregate amount represents 9.99% of the class of Common Shares outstanding.
• The beneficial ownership includes 4,172,744 Common Shares directly held and an additional 7,038,778 Common Shares underlying warrants exercisable within 60 days.
• The percentage of beneficial ownership is calculated based on 105,188,673 Common Shares outstanding as of the event date, plus the 7,038,778 shares underlying exercisable warrants.
• The Reporting Persons disclaim beneficial ownership of any Common Shares other than those directly beneficially owned by each respective Reporting Person.
• The securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The filing reports a substantial 9.99% beneficial ownership by institutional investors, which typically signals confidence in the company's long-term prospects, even though it is an amendment to an existing position.

Positives

• The disclosure of a significant 9.99% beneficial ownership by institutional investors (MMCAP International Inc. SPC and MM Asset Management Inc.) can signal confidence in POET Technologies Inc.'s long-term prospects.
• The investment includes a substantial portion of shares underlying warrants, indicating a potential for increased direct equity holding upon exercise.

Risks

• The concentration of nearly 10% of the company's shares in the hands of a single institutional investor group could lead to significant market movements if that group decides to alter its position substantially.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders are impacted by the disclosure of a significant institutional investor holding a substantial stake, which can influence market perception, trading volume, and potentially the company's strategic direction through shareholder engagement.

Key Dates

Keywords

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