The TSX Venture Exchange has accepted has accepted for filing documentation pertaining to an equipment sale and purchase agreement, dated Dec. 31, 2024, and an equity transfer agreement in respect of Super Photonics Integrated Circuit Xiamen Co. Ltd. dated Dec. 31, 2024, between the company and Quanzhou San'an Optical Communication Technology Co. Ltd., whereby the company will acquire the remaining 24.8 per cent of Super Photonics Integrated Circuit Xiamen Co. Ltd., and equipment provided by the seller and/or its affiliates to the target for its business operations, together with all components associated with such equipment, including such components that are required for the routine and normal operation of such equipment, such as computers, monitors or other data storage devices.

Under the terms of the agreement, the company has agreed to acquire the target and the assets in exchange for an aggregate cash payment of $10.3-million (U.S.), payable over the next four years, of which up to $6.5-million (U.S.) could be settled through the issuance of common shares of the company.

For further details, please refer to the company's news release dated Dec. 31, 2024.