02:21:36 EDT Fri 14 Jun 2024
Enter Symbol
or Name

Poet Technologies Inc (2)
Symbol PTK
Shares Issued 47,823,093
Close 2024-02-16 C$ 1.86
Market Cap C$ 88,950,953
Recent Sedar Documents

Poet Technologies grants options to buy 765,000 shares

2024-02-20 10:18 ET - News Release

Mr. Thomas Mika reports


Poet Technologies Inc.'s board of directors has granted 765,000 stock options to purchase common shares to officers, other employees and consultants of the company. The stock option grant includes the award of 420,000 stock options to officers of the company, 220,000 to other employees and 125,000 to consultants.

The stock options granted to officers and employees have an exercise price of $1.79, being the closing price of the company's stock on the TSX Venture Exchange on Feb. 15, 2024, are exercisable for 10 years following the grant and will fully vest on Feb. 16, 2025. The stock options granted consultants are performance based and will vest when certain performance milestones are met.

About Poet Technologies Inc.

Poet is a design and development company offering integration solutions based on the Poet Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multichip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. Poet's Optical Interposer eliminates costly components and labour-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the Poet Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest-growth areas of computing, such as artificial intelligence (AI), the Internet of Things (IoT), autonomous vehicles, and high-speed networking for cloud service providers and data centres. Poet is headquartered in Toronto, with operations in Allentown, Pa., Shenzhen, China, and Singapore.

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