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Class action lawsuit filed against POET Technologies after stock plunge on lost Marvell orders

Market News
05 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Pomerantz LLP has filed a class action lawsuit against POET Technologies following a sharp 47% drop in its stock price after Marvell Semiconductor canceled all purchase orders from Celestial AI, a POET customer. The lawsuit alleges securities fraud and unlawful business practices by POET and its officers related to the disclosure of confidential order information. Investors who bought POET shares during the class period have until June 29, 2026, to join the lawsuit or seek lead plaintiff status. This legal action highlights risks tied to POET's business dealings and recent negative market reaction.

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Pepeto presale tops $10M as Binance listing nears; XRP price forecast hits $8 for 2026 by Standard Chartered.

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Pepeto's presale has raised over $10.27 million and is preparing for a Binance listing amid a forming crypto bull run, promising strong potential gains similar to past Binance token launches. Meanwhile, Standard Chartered predicts XRP could reach $8 ...

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1 hour ago
Ready Capital declares Q2 2026 dividends on common and preferred shares.

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Terra Innovatum files 2025 Form 10-K, ends year debt-free with $102.9M cash, advances microreactor licensing and commercialization.

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Terra Innovatum Global filed its 2025 Annual Report on Form 10-K, marking its first full year as a public company. The company ended fiscal 2025 with $102.9 million in cash and no debt, supported by proceeds from its business combination with GSR III...

Company Fundamentals
Bullish
2 hours ago
ARC Resources declares $0.21 quarterly dividend for July 15, 2026 payment.

ARC Resources declares $0.21 quarterly dividend for July 15, 2026 payment.

ARC Resources Ltd. announced a quarterly eligible dividend of $0.21 per share payable on July 15, 2026, to shareholders recorded by June 30, 2026. The company, a major Montney producer in Canada, has paid a total of $0.80 per share over the past 12 m...

Company Fundamentals
Bullish
3 hours ago
The Lovesac Company appoints Andrew Farag as new CFO, succeeding Keith Siegner.

The Lovesac Company appoints Andrew Farag as new CFO, succeeding Keith Siegner.

The Lovesac Company has named Andrew Farag as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective immediately. Farag brings over 20 years of experience in finance and operations, having held CFO and COO roles in variou...

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