A securities class action has been filed against POET Technologies Inc. (POET) on behalf of persons or entities who purchased or otherwise acquired publicly traded POET securities between April 1, 2026 through 08:57 AM ET on April 27, 2026. This case has been filed in the USDC – NJ.
On April 27, 2026, Investing.com published an article entitled “POET Technologies stock tumbles after losing Marvell orders.” The article stated that POET Technologies stock fell “after the company disclosed the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor Inc. Marvell provided written notice on April 23, 2026, canceling all purchase orders, including those for initial production units first announced by POET in a press release on April 25, 2023. Marvell cited the company’s disclosures of information related to the purchase orders and shipping details as violations of confidentiality obligations.”
On this news, POET Technologies stock fell over 45% in intraday trading on April 27, 2026