Pomerantz Law Firm Reminds POET Technologies Investors of Class Action Lawsuit and June 29 Deadline

Regulation
โดย GlobeNewswire·Read original
Summary · why it matters

Pomerantz LLP has filed a class action lawsuit against POET Technologies Inc. and reminds investors of the June 29, 2026 deadline to seek appointment as lead plaintiff. The lawsuit concerns whether POET and certain officers or directors engaged in securities fraud or other unlawful business practices. The action follows an April 27, 2026 Investing.com report that POET stock fell 47.35% after the company disclosed the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor Inc., which cited violations of confidentiality obligations. On that news, POET’s stock price dropped $7.15 per share to close at $7.95.

Impact on stocks 2

Artificial Intelligence▼ · 2 stocks
POET Technologies Inc
POET
▼ NegativeRegulationrelevance

POET is the subject of a securities fraud class action lawsuit following a 47% stock drop after Celestial AI cancelled all purchase orders.

Off-coverage companies 1

Celestial AIPrivate± Mixed
Regulationrelevance

Celestial AI is mentioned as the counterparty that cancelled orders with POET, but is not directly involved in the lawsuit.

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