On May 20, POET Technologies rose 10.94% in regular trading, trading at $14.48 USD/share, with trading volume of approximately $156 million. The stock rebounded sharply following a steep multi-day selloff that had driven shares down from above $20.

The recovery was driven by growing market consensus that a bearish short-seller report published the prior week had been largely discredited. Key claims in the report — including photos of an allegedly vacant Toronto office — were contested over the weekend, with the company publishing images of its Malaysia fabrication facility and its Shenzhen office confirmed as operational. Additionally, POET announced a presentation at an upcoming Wuhan photonics expo.

Underpinning the rebound is the recently closed $400 million registered direct offering with a single institutional investor at $21 per share, suggesting that deep due diligence was conducted before the commitment. The company issued approximately 19 million shares and warrants exercisable at $26.25, with proceeds earmarked for manufacturing expansion, R&D, and commercialization of its optical engine technologies for AI and data center applications heading into higher-volume production.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)