POET Technologies Jumps After Responding to Short Report and Clarifying PFIC Status
Poet Technologies (NASDAQ:POET), designs and develops photonic built-in circuits and optical engines. The inventory closed at $8.59, up 18.32%. Shares jumped after administration issued an in depth rebuttal to a short-seller report and clarified PFIC-related tax issues, whereas buyers are watching execution on its AI-focused development and funding plans. The firm’s buying and selling quantity…