POET Technologies has augmented its investor outreach through two new engagements with external service providers. POET has retained Hybrid Financial to connect the Company to a select group of technology investors identified from a database of over 1,400 buy-side funds in the United States and 200 in Canada that hold shares in companies that are valued less than $100 million, plus a larger number of broker-dealer firms and financial advisors. The agreement with Hybrid is for an initial period of 6-months starting April 1, 2024 and may be renewed automatically for successive 3-month periods thereafter. Hybrid will be paid a monthly fee of C$15,000, plus applicable taxes, during the Initial Term. Commencing later this month, LFG, an independent contractor based in the Greater Toronto Area, will provide advice, content development, and marketing services through social media channels and on-line media and newsletter placements for the Company. The agreement includes an initial payment of $25,000 with an option to increase at the Company’s discretion. Neither Hybrid nor LFG Equities currently hold shares in POET, and both have agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the Services.
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