🟢 POET up 4.5% as new COO appointment and significant institutional investment come to light

POET is trading 4.5% up at $15.34 in pre-market, with the upward momentum appearing to be driven by recent significant company-specific news, rather than just broader market trends.

• New COO: Yesterday, May 25, 2026, POET Technologies announced the appointment of semiconductor industry veteran Dr. Sandeep Kumar as its new Chief Operating Officer.
• Major Share Acquisition: News emerged today, May 26, 2026, that MMCAP International Inc. SPC significantly increased its stake in POET, acquiring over 17.5 million shares on May 18, 2026, at a price of $14.21 per share.