POET Technologies faces a securities class action after its shares dropped 47.3% following a public disclosure by its CFO that allegedly breached a confidentiality agreement. The CFO revealed details about the company's largest customer, Celestial AI, including purchase orders and shipping timelines, which led to the cancellation of all orders. This breach caused significant financial damage as POET had generated only $2.3 million in revenue since 2020, and the loss of this customer relationship severely impacted the company. Investors who bought POET stock between April 1 and April 27, 2026, and suffered losses may seek compensation, with a lead plaintiff deadline set for June 29, 2026.
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