NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased POET ...


NEW YORK, May  21, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased POET Technologies Inc. (“POET” or the “Company”) (NASDAQ:POET) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.  If you suffered a loss on your POET investments, you have until June 29, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.  Follow the link below for more information about the lawsuit:  [CONTACT THE FIRM IF YOU SUFFERED A LOSS]  What Is The Lawsuit About?  The lawsuit has been filed on behalf of investors who purchased securities during the period of April 1, 2026 through April 27, 2026, inclusive (“the Class Period”). The lawsuit alleges that (1) POET Technologies misrepresented its tax status due to it likely being deemed as a passive foreign investment company (“PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications; (2) the foregoing tax issue would, if discovered, make POET a less attractive investment than it would otherwise be, thus threatening POET’s valuation; and (3) Defendant Thomas Mika (the Company’s Executive Vice President and CFO), despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET business agreements in a public interview, thus endangering POET business prospects.  On April 14, 2026, Wolfpack Research issued a report entitled “We Believe POET is An Obvious Stock Promote, Has Created An IRS Nightmare: US Holders Have Until April 15th To Act.” The release state that “POET set US investors on a collision course with the IRS by accumulating so much cash through dilution, and generating so little operating revenue that our analysis, corroborated by multiple experts, show they qualify as a Passive Foreign Investment Company—or a PFIC” which would make the stack an unattractive investment to investors. On this news, the price of POET shares declined by $0.59 per share, or approximately 8%, from $7.30 per share on April 13, 2026 to close at $6.71 on April 14, 2026.  On April 27, 2026, the Company issued a press release entitled “POET Technologies Provides Purchase Order Update.” The release disclosed “the cancellation of all purchase orders received by the Company from Celestial AI, including the ones for initial production units first disclosed by the Company in a press release on April 25, 2023. Marvell Semiconductor Inc., which acquired Celestial AI, provided written notice of the cancellation to the Company on April 23, 2026. As the basis for the cancellation, Marvell indicated that the Company had made disclosures of information related to the Purchase Order and shipping information in contravention of its confidentiality obligations.” On this news, the price of POET shares declined by $7.15 per share, or approximately 47.4%, from $15.10 per share on April 24, 2026 to close at $7.95 on April 27, 2026.  [CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]  What Should I Do?  If you purchased or otherwise acquired POET securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.  [HOW CAN I PROTECT MY RIGHTS?]  Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.  This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.  ContactsKirby McInerney LLPLauren Molinaro, Esq.212-699-1171https://www.kmllp.comhttps://securitiesleadplaintiff.com/investigations@kmllp.com  
            

POET

POET SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of POET Technologies Inc. Investors - Contact Kirby McInerney LLP by June 29, 2026

POET Technologies Faces Class Action Over Alleged Securities Fraud

NEW YORK, May  21, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased POET Technologies Inc. (&#34;POET&#34; or the &#34;Company&#34;) (NASDAQ:POET) securities to contact Lauren Molinaro of Kirby McInerney LLP

Bragar Eagel &amp; Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In POET To Contact Him Directly To Discuss Their Options  If you purchased or acquired POET securities between

POET Technologies, Inc. Investors Have Until June 29th to Contact Bragar Eagel & Squire, P.C. To Seek Lead Plaintiff Role

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased POET ...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kirby McInerney LLP has initiated a class action lawsuit against POET Technologies, citing allegations of misrepresentation regarding the company&#039;s tax status and executive misconduct. These claims align with recent declines in share price and may further impact investor confidence, especially with a looming appointment deadline for lead plaintiffs.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kirby McInerney LLP announces a class action lawsuit against POET Technologies.</li><li>The lawsuit claims misrepresentation of tax status, impacting investor attraction.</li><li>Misconduct by POET&#039;s CFO allegedly jeopardized business prospects.</li><li>POET shares dropped significantly following negative research reports and order cancellations.</li><li>Investors have until June 29, 2026, to join the lead plaintiff appointment.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>POET Technologies Inc. (POET)</strong>: Current litigation risks are likely to depress stock prices.</li><li><strong>Celestial AI (Not Public)</strong>: Order cancellations have materially impacted POET&#039;s market trust.</li><li><strong>Marvell Semiconductor Inc. (MRVL)</strong>: Their acquisition of Celestial AI led to key order cancellations for POET.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This article falls into the &#039;Legal&#039; category as it discusses a class action lawsuit against POET. The legal implications and potential for financial impact are critical for investors monitoring POET&#039;s stock performance.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The announcement of the class action could pressure POET&#039;s stock price further.</li><li>Legal uncertainties may deter new investors, influencing long-term valuation.</li><li>Negative research reports have already led to significant price declines.</li><li>Cancellations of major orders, such as those from Celestial AI, exacerbate market concerns.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lawsuit alleges misrepresentation of POET&#039;s tax status as a PFIC.</li><li>POET shares fell from $15.10 to $7.95 following a cancellation announcement.</li><li>Investors can file for lead plaintiff status until June 29, 2026.</li><li>CFO Thomas Mika allegedly violated confidentiality agreements.</li><li>Wolfpack Research claims POET&#039;s financial structure presents tax liabilities.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider short positions on POET in the near term due to ongoing litigation risks.</p>
  </section>
</section>


<article>
    <h2>POET Technologies Inc. Faces Securities Fraud Lawsuit: Important Information for Investors</h2>
    <p>NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP announces a securities fraud class action lawsuit filed on behalf of investors who purchased shares of POET Technologies Inc. (NASDAQ: POET) during the period of April 1, 2026, to April 27, 2026. If you experienced a loss from your investment in POET, you should contact Lauren Molinaro of Kirby McInerney LLP by June 29, 2026, to discuss your rights at no cost.</p>

    <section>
        <h3>Details of the Lawsuit</h3>
        <p>This lawsuit claims several significant concerns regarding POET Technologies’ financial disclosures:</p>
        <ul>
            <li><strong>Misrepresentation of Tax Status:</strong> The Company is alleged to have misrepresented its tax status, likely being classified as a Passive Foreign Investment Company (PFIC) under U.S. law. This could have adverse tax implications for individual shareholders.</li>
            <li><strong>Impact on Valuation:</strong> The lawsuits suggest that this tax issue, if proven true, could have made investments in POET less attractive, threatening its overall valuation.</li>
            <li><strong>Executive Misconduct:</strong> Thomas Mika, the Executive Vice President and CFO of POET, is accused of breaching a non-disclosure agreement by discussing sensitive business matters in a public interview.</li>
        </ul>
    </section>

    <section>
        <h3>Recent Developments Affecting POET Stocks</h3>
        <p>On April 14, 2026, a report by Wolfpack Research warned investors that the company’s practices had placed U.S. shareholders in a precarious position with the IRS, leading to a decline in POET stock by <strong>$0.59</strong> (approx. <strong>8%</strong>) from <strong>$7.30</strong> to <strong>$6.71</strong>.</p>
        <p>Further complications arose on April 27, 2026, when POET announced the cancellation of all purchase orders from Celestial AI, following disclosures that violated confidentiality agreements. This cancellation led to a drastic reduction in share price by <strong>$7.15</strong>, approximately <strong>47.4%</strong>, from <strong>$15.10</strong> to <strong>$7.95</strong>.</p>
    </section>

    <section>
        <h3>What Investors Should Do</h3>
        <p>If you owned or acquired shares of POET Technologies and suffered a financial loss, it is crucial to act promptly. You can reach out to Lauren Molinaro at Kirby McInerney LLP by email at <a href="mailto:investigations@kmllp.com">investigations@kmllp.com</a> or complete the contact form provided on their website.</p>
        <p>Interested investors have until June 29, 2026, to request to be appointed as the lead plaintiff in this class action lawsuit.</p>
    </section>

    <section>
        <h3>About Kirby McInerney LLP</h3>
        <p>Kirby McInerney LLP is a New York-based plaintiffs' law firm specializing in securities and class action litigation. The firm has successfully secured billions in recovery for shareholders in past securities litigation cases.</p>
        <p>For more detailed information about the firm and its legal services, visit <a href="https://www.kmllp.com">Kirby McInerney LLP’s website</a>.</p>
    </section>

    <footer>
        <p>This announcement may be considered attorney advertising in certain jurisdictions.</p>
    </footer>
</article>

Kirby McInerney LLP has initiated a class action lawsuit against POET Technologies, citing allegations of misrepresentation regarding the company's tax status and executive misconduct. These claims align with recent declines in share price and may further impact investor confidence, especially with a looming appointment deadline for lead plaintiffs.

POET SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of POET Technologies Inc. Investors - Contact Kirby McInerney LLP by June 29, 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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