Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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This is likely as good an answer you will be able to get (for now). So it's not official but you almost have to think this is one of the main reasons.

"Ability to meet listing requirements on certain seniorstock exchanges – certain senior stock exchanges
have a minimum trading price requirement for listing, which levels may not be able to be achieved without the Consolidation".

Page 25

http://www.poet-technologies.com/wp-content/uploads/2014/06/InfoCirc-Aug2014AGM-Booklet.pdf

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