POET Technologies appoints Sohail Khan to board of directors

TORONTO - POET Technologies Inc. (TSX Venture:PTK; NASDAQ:POET) has appointed Sohail Khan as a director and member of the Corporate Governance & Nominating Committee, effective July 7, 2025.

Khan, a seasoned business executive with experience ranging from startups to multi-billion-dollar enterprises, most recently served as Executive Vice President of Wideband Gap Electronics and President of SiC, LLC, divisions of Coherent Corp. His previous roles include 16 years on the Board of Directors of LightPath Technologies, Managing Partner of K5 Innovations LLC, and President & CEO of ViXS Systems Inc.

"We are thrilled to have Sohail on our Board of Directors," said Dr. Suresh Venkatesan, POET’s Chairman & CEO, in a press release statement.

Khan’s appointment follows the retirement of Chris Tsiofas, who served as Chair of the Audit Committee for thirteen years and did not stand for re-election at the June 27 shareholders meeting.

The POET board now consists of six members: Dr. Suresh Venkatesan (Chair), Jean-Louis Malinge (Lead Independent Director), Theresa Lan Ende, Glen Riley, Robert Tirva, and Sohail Khan.

In connection with his appointment, Khan received 21,200 Restricted Stock Units (RSUs) that will vest on the first anniversary of the grant. The RSUs were granted based on a share price of CAD$7.70, the closing price on the TSXV on July 4. The stock has shown strong momentum, delivering a 65% return over the past year. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 10 additional ProTips available to subscribers.

POET Technologies designs and develops optical modules, optical engines, and light source products for artificial intelligence systems and hyperscale data centers, utilizing its patented Optical Interposer platform. While the company maintains a healthy current ratio of 1.59, it reported negative EBITDA of -$32.5 million in the last twelve months, reflecting its growth-stage status in the competitive technology sector.

In other recent news, POET Technologies has announced a non-brokered public offering to raise $25 million by issuing 5 million units priced at $5.00 each. Each unit includes one common share and one purchase warrant, with the warrant exercisable at C$8.16 for five years. The offering, expected to be fully subscribed by a single Canadian institutional investor, is subject to regulatory approvals and is intended to fund working capital and general corporate purposes. Additionally, POET Technologies has signed a Master Agreement with NationGate Solutions to manufacture optical engine assemblies in Malaysia. This agreement includes a Module Purchase Agreement and a Deed of Consignment, aiming to scale manufacturing capabilities to meet customer demand. NationGate will join Globetronics in POET’s Malaysian manufacturing network, further diversifying the company’s supply chain. The company has also completed its acquisition of a 24.8% interest in Super Photonics Integrated Circuit Xiamen Co., Ltd. These developments reflect POET Technologies’ ongoing efforts to expand its manufacturing footprint and enhance its product offerings.

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