Poet Technologies Shares Jump on Supplier Deal With Lumilens

Dow Jones05-15

By Katherine Hamilton

Poet Technologies shares hit a high after the company disclosed a new partnership that could bring in as much as $500 million in purchase orders.

The stock gained 30% to $18.89 on Thursday, at one point touching an all-time high of $20.65. Shares have nearly tripled this year.

The company, which makes parts for data centers and AI, said it agreed to a joint development and commercial technology partnership with optical interconnects company Lumilens.

The partnership is designed to advance a new class of wafer-level photonic integration for AI infrastructure.

Lumilens has placed an initial purchase order with Poet valued at $50 million. This represents the first phase of a broader supplier relationship that could scale to $500 million or more in cumulative purchases from Poet over five years, the company said.

As part of the deal, Poet has granted Lumilens a warrant to buy up to 22.9 million shares. The warrant is exercisable over nine years at a price of $8.25 a share.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 14, 2026 12:15 ET (16:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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