POET Technologies Faces Class Action Lawsuits Amid Investor Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
Source: PRnewswire
POET Technologies Inc. has seen a significant price increase of 16.42% in pre-market trading, reaching a 52-week high.
However, the company is currently facing multiple class action lawsuits initiated by investors who purchased its securities between April 1 and April 27, 2026. These lawsuits allege that POET misled investors regarding its potential classification as a Passive Foreign Investment Company (PFIC), which could impose negative tax implications on U.S. shareholders and threaten the company's valuation. Additionally, executive Thomas Mika is accused of violating a non-disclosure agreement by publicly discussing company agreements, raising further concerns about the company's business prospects.
The implications of these lawsuits could be significant for POET Technologies, as they highlight serious investor concerns about transparency and governance. The ongoing legal challenges may impact investor confidence and the company's future valuation.
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Analyst Views on POET
About POET
POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Notice of Class Action Lawsuit Against POET Technologies
- Class Action Initiation: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, to apply as lead plaintiffs by June 29, 2026, to participate in the filed class action, as failure to do so will forfeit their right to compensation.
- Potential Compensation Opportunity: Investors joining the class action can seek compensation without any upfront fees through a contingency fee arrangement, which lowers legal costs and enhances the appeal of the lawsuit for affected investors.
- Lawsuit Background: The lawsuit alleges that POET Technologies made false and misleading statements during the class period, particularly regarding its tax status, which could lead to adverse tax implications for investors, thereby threatening the company's valuation and attractiveness as an investment.
- Law Firm's Advantage: Rosen Law Firm is renowned for its successful track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and recovering hundreds of millions for investors, highlighting the importance of selecting experienced legal counsel.
See More
POET Technologies Shares Decline Again Amid Multiple Challenges
- Stock Price Decline: POET Technologies' shares fell 7.3% on Friday, closing at $12.30, marking a roughly 40% drop from mid-May's peak above $20, indicating significant market concerns about its future prospects.
- Order Cancellation Impact: The cancellation of all purchase orders by Marvell's AI division late last month led to a staggering 47% drop in shares in a single session, highlighting a major crisis in the company's customer relationship management.
- Share Dilution from Offering: The announcement of a $400 million registered direct offering, adding approximately 19 million new shares and matching warrants, has further diluted existing shareholders, increasing investor anxiety.
- Legal Action Risks: POET is currently facing multiple securities class actions related to tax misstatements and other allegations, which heightens governance risks and further undermines market confidence in its stock.
See More
Notice of Class Action Lawsuit Against POET Technologies
- Class Action Deadline: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, that they must apply to be lead plaintiff by June 29, 2026, to participate in the class action and seek compensation.
- Lawsuit Allegations: The lawsuit alleges that POET Technologies made false and misleading statements during the class period, failing to disclose its potential classification as a Passive Foreign Investment Company (PFIC), which could negatively impact U.S. shareholders' tax obligations and threaten the company's valuation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and was ranked No. 1 by ISS Securities Class Action Services in 2017, recovering over $438 million for investors in 2019 alone, showcasing its strong track record in this field.
- Investor Guidance: Investors are advised to carefully select legal counsel, as many firms issuing notices lack experience in handling securities class actions and may merely act as intermediaries, thus emphasizing the importance of choosing a firm with a proven success record.
See More
Class Action Lawsuit Filed Against POET Technologies
- Lawsuit Background: Bragar Eagel & Squire, P.C. has announced a class action lawsuit against POET Technologies, involving investors who purchased securities between April 1 and April 27, 2026, alleging violations of federal securities laws that resulted in investor losses.
- Allegation Details: The complaint alleges that POET misrepresented its tax status, likely qualifying as a Passive Foreign Investment Company (PFIC), which could negatively impact U.S. shareholders' tax obligations, thereby threatening the company's valuation and attractiveness as an investment.
- Executive Conduct: The lawsuit also claims that executive Thomas Mika, despite asserting he did not breach a non-disclosure agreement, publicly discussed business agreements in an interview, potentially jeopardizing POET's business prospects and exacerbating investor losses.
- Next Steps: Investors must apply by June 29, 2026, to be appointed as lead plaintiffs in the lawsuit, with Bragar Eagel & Squire offering free consultations and encouraging affected investors to reach out for more information.
See More
Class Action Lawsuit Filed Against POET Technologies Inc.
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against POET Technologies Inc. (NASDAQ:POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, with a deadline for investor contact set for June 29, 2026.
- Investor Losses: Investors who purchased POET securities between April 1 and April 27, 2026, are encouraged to join the lawsuit due to false and misleading statements made by the company during this period, which have negatively impacted its market reputation and investor trust.
- Tax Misrepresentation: The complaint alleges that POET misrepresented its tax status, indicating a likelihood of being classified as a passive foreign investment company (PFIC), which could impose adverse tax consequences on individual investors, thereby exacerbating potential losses.
- Executive Misconduct: CFO Thomas Mika's violation of a business agreement during a public interview jeopardized the company's business prospects, leading to the classification of the company's public statements as false and materially misleading throughout the class period, resulting in investor damages once the truth was revealed.
See More
POET Short Interest Rises to 18% Amid $400M Offering
- Rising Short Interest: Short interest in POET has surged to nearly 18%, indicating increasing market skepticism about the company's future performance, particularly following its announcement of a $400 million offering to a single institutional investor, which may undermine investor confidence.
- Price Volatility and Growth Potential: Despite a remarkable 86% increase in POET's stock price this month, the rise in short interest reflects cautious investor sentiment regarding its AI-driven growth prospects, suggesting potential instability in future stock performance.
- Order Cancellations Trigger Sell-off: The cancellation of all purchase orders from Celestial AI has exacerbated market sentiment, especially as the company failed to meet confidentiality obligations, which could adversely affect its future business development and investor trust.
- Mixed Market Sentiment: While retail sentiment on Stocktwits remains in the 'bearish' zone, some users express optimism about a potential rally, highlighting a significant divergence in market views that could influence short-term trading strategies.
See More
Notice of Class Action Lawsuit Against POET Technologies
- Class Action Initiation: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, to apply as lead plaintiffs by June 29, 2026, to participate in the filed class action, as failure to do so will forfeit their right to compensation.
- Potential Compensation Opportunity: Investors joining the class action can seek compensation without any upfront fees through a contingency fee arrangement, which lowers legal costs and enhances the appeal of the lawsuit for affected investors.
- Lawsuit Background: The lawsuit alleges that POET Technologies made false and misleading statements during the class period, particularly regarding its tax status, which could lead to adverse tax implications for investors, thereby threatening the company's valuation and attractiveness as an investment.
- Law Firm's Advantage: Rosen Law Firm is renowned for its successful track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and recovering hundreds of millions for investors, highlighting the importance of selecting experienced legal counsel.
See More
POET Technologies Shares Decline Again Amid Multiple Challenges
- Stock Price Decline: POET Technologies' shares fell 7.3% on Friday, closing at $12.30, marking a roughly 40% drop from mid-May's peak above $20, indicating significant market concerns about its future prospects.
- Order Cancellation Impact: The cancellation of all purchase orders by Marvell's AI division late last month led to a staggering 47% drop in shares in a single session, highlighting a major crisis in the company's customer relationship management.
- Share Dilution from Offering: The announcement of a $400 million registered direct offering, adding approximately 19 million new shares and matching warrants, has further diluted existing shareholders, increasing investor anxiety.
- Legal Action Risks: POET is currently facing multiple securities class actions related to tax misstatements and other allegations, which heightens governance risks and further undermines market confidence in its stock.
See More
Notice of Class Action Lawsuit Against POET Technologies
- Class Action Deadline: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, that they must apply to be lead plaintiff by June 29, 2026, to participate in the class action and seek compensation.
- Lawsuit Allegations: The lawsuit alleges that POET Technologies made false and misleading statements during the class period, failing to disclose its potential classification as a Passive Foreign Investment Company (PFIC), which could negatively impact U.S. shareholders' tax obligations and threaten the company's valuation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and was ranked No. 1 by ISS Securities Class Action Services in 2017, recovering over $438 million for investors in 2019 alone, showcasing its strong track record in this field.
- Investor Guidance: Investors are advised to carefully select legal counsel, as many firms issuing notices lack experience in handling securities class actions and may merely act as intermediaries, thus emphasizing the importance of choosing a firm with a proven success record.
See More
Class Action Lawsuit Filed Against POET Technologies
- Lawsuit Background: Bragar Eagel & Squire, P.C. has announced a class action lawsuit against POET Technologies, involving investors who purchased securities between April 1 and April 27, 2026, alleging violations of federal securities laws that resulted in investor losses.
- Allegation Details: The complaint alleges that POET misrepresented its tax status, likely qualifying as a Passive Foreign Investment Company (PFIC), which could negatively impact U.S. shareholders' tax obligations, thereby threatening the company's valuation and attractiveness as an investment.
- Executive Conduct: The lawsuit also claims that executive Thomas Mika, despite asserting he did not breach a non-disclosure agreement, publicly discussed business agreements in an interview, potentially jeopardizing POET's business prospects and exacerbating investor losses.
- Next Steps: Investors must apply by June 29, 2026, to be appointed as lead plaintiffs in the lawsuit, with Bragar Eagel & Squire offering free consultations and encouraging affected investors to reach out for more information.
See More
Class Action Lawsuit Filed Against POET Technologies Inc.
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against POET Technologies Inc. (NASDAQ:POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, with a deadline for investor contact set for June 29, 2026.
- Investor Losses: Investors who purchased POET securities between April 1 and April 27, 2026, are encouraged to join the lawsuit due to false and misleading statements made by the company during this period, which have negatively impacted its market reputation and investor trust.
- Tax Misrepresentation: The complaint alleges that POET misrepresented its tax status, indicating a likelihood of being classified as a passive foreign investment company (PFIC), which could impose adverse tax consequences on individual investors, thereby exacerbating potential losses.
- Executive Misconduct: CFO Thomas Mika's violation of a business agreement during a public interview jeopardized the company's business prospects, leading to the classification of the company's public statements as false and materially misleading throughout the class period, resulting in investor damages once the truth was revealed.
See More
POET Short Interest Rises to 18% Amid $400M Offering
- Rising Short Interest: Short interest in POET has surged to nearly 18%, indicating increasing market skepticism about the company's future performance, particularly following its announcement of a $400 million offering to a single institutional investor, which may undermine investor confidence.
- Price Volatility and Growth Potential: Despite a remarkable 86% increase in POET's stock price this month, the rise in short interest reflects cautious investor sentiment regarding its AI-driven growth prospects, suggesting potential instability in future stock performance.
- Order Cancellations Trigger Sell-off: The cancellation of all purchase orders from Celestial AI has exacerbated market sentiment, especially as the company failed to meet confidentiality obligations, which could adversely affect its future business development and investor trust.
- Mixed Market Sentiment: While retail sentiment on Stocktwits remains in the 'bearish' zone, some users express optimism about a potential rally, highlighting a significant divergence in market views that could influence short-term trading strategies.
See More
