POET Technologies Provides Clarity on its Passive Foreign Investment Company (PFIC) Status


This press release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) (collectively, “forward-looking statements.” Such forward-looking statements are identified with words such as “anticipate,” “believe,” “expect,” “plan,” “intend,” “potential,” “estimate,” “propose,” “project,” “outlook,” “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s expectation that it will not be classified as a PFIC for fiscal 2026, the anticipated tax impact of a QEF election for fiscal year 2025 and the impact of the redomiciling of the Company into the United States. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements due to a number of factors, including changes in tax law, tax and other risks relating to the Company’s redomiciling into the United States (including the risk that any necessary shareholder approval will not be obtained) and any other actions the Company takes to mitigate the impact of its status as a PFIC, changes in the Company’s financial results, and other risks described in the Company’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company assumes no obligation to update or revise this forward-looking statements except as required by law.



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