POET TECHNOLOGIES INC.
No SEC Form 4 filings for $POET in the last 30 days.
Pomerantz LLP issued a reminder to shareholders regarding POET Technologies, according to the press release. The notice does not provide specific financial details in the provided text. It directs questions about information in the release to the company listed in the release, and states PR-inside will not assist.
Poet Technologies’ (POET) shares fell 8.6% this week, underperforming the S&P 500 (+0.9%) and Nasdaq (+0.5%). The drop followed the May 18 announcement that it completed a ~$400 million fundraising deal with one institutional investor to sell about 19 million new shares, plus warrants for ~19 million more at a $26.25 exercise price.
Poet Technologies (POET) stock surged 14.2% in recent trading, despite a lack of major news releases. This rally follows previous volatility, including a sharp increase and subsequent decline after an order from Celestial AI was confirmed and then canceled. The company, which is pre-revenue, has seen its stock move 51% higher over the past week with unclear catalysts, making it a risky investment according to the article.
