MILWAUKEE, June 23, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV) (the “Company”), a leading global provider of payments and financial services technology solutions, today announced the pricing of its tender offers to purchase for cash (the “Offers”) any and all of its outstanding 5.150% Senior Notes due 2027 (the “2027 Notes”) and 4.400% Senior Notes due 2049 (the “2049 Notes” and, together with the 2027 Notes, the “Notes”). The table below shows the applicable Reference Yield and Consideration for the Notes, calculated as of 2:00 p.m., New York City time, today, June 23, 2026, in accordance with the Offer to Purchase (as defined below).
Title of
SecurityCUSIP No. / ISIN
No.Aggregate
Principal Amount
OutstandingU.S.
Treasury
Reference
SecurityReference
YieldBloomberg
Reference
PageFixed
SpreadConsideration(1)5.150% Senior Notes due 2027337738 BJ6 / US337738BJ60
$750,000,0004.000% UST due May 31, 20284.186%
FIT15 bps$1,005.654.400% Senior Notes due 2049337738 AV0 / US337738AV08
$2,000,000,000
5.000% UST due May 15, 20464.959%
FIT1108 bps$797.61 _______________
(1) This is the applicable consideration (the “Consideration”) that will be payable per $1,000 principal amount of Notes accepted for purchase, including through the Guaranteed Delivery Procedures (as defined below). The calculation of the Consideration uses a Settlement Date (as defined below) of June 26, 2026 and the applicable Par Call Date, which is February 15, 2027 for the 2027 Notes and January 1, 2049 for the 2049 Notes. The Consideration does not include Accrued Interest (as defined below), which will be paid on Notes accepted for purchase. The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase, dated June 16, 2026 (the “Offer to Purchase”). Holders of Notes (“Holders”) are urged to carefully read the Offer to Purchase before making any decision with respect to the Offers. The Offers are not conditioned on any minimum amount of Notes being tendered. The Company may amend, extend or terminate either or both of the Offers in its sole discretion, subject to applicable law.
The Offers will expire at 5:00 p.m., New York City time, today, June 23, 2026, unless extended or terminated by the Company (such time and date, as the same may be extended or terminated by the Company in its sole discretion, subject to applicable law, the “Expiration Date”). Tendered Notes may be withdrawn at or prior to the Expiration Date by following the procedures in the Offer to Purchase, but may not thereafter be validly withdrawn, unless otherwise required by applicable law.
Holders of the Notes must validly tender and not validly withdraw their Notes, or submit the Notice of Guaranteed Delivery substantially in the form attached to the Offer to Purchase and comply with the related procedures specified in the Offer to Purchase (the “Guaranteed Delivery Procedures”), prior to the Expiration Date to be eligible to receive the Consideration. Accrued and unpaid interest (such interest as described below, the “Accrued Interest”) will be paid on all Notes validly tendered and accepted for purchase pursuant to the Offers, including Notes accepted pursuant to the Guaranteed Delivery Procedures, from the last interest payment date up to, but not including, the Settlement Date. The Company expects to pay the Consideration plus Accrued Interest for all Notes validly tendered and accepted for purchase (including Notes tendered pursuant to the Guaranteed Delivery Procedures) on June 26, 2026 unless extended. The date on which payment of the Consideration and Accrued Interest occurs is the “Settlement Date.”
The description of the Offers above is only a summary and is qualified in its entirety by reference to the Offer to Purchase.
Citigroup Global Markets Inc. (“Citigroup”), J.P. Morgan Securities LLC (“J.P. Morgan”), TD Securities (USA) LLC (“TD Securities”) and Wells Fargo Securities, LLC (“Wells Fargo Securities”) are the lead dealer managers for the tender offers. Investors with questions regarding the tender offers may contact the lead dealer managers at the following telephone numbers: (i) Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect), (ii) J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), (iii) TD Securities at (866) 584-2096 (toll-free) or (212) 827-2842 (collect), and (iv) Wells Fargo Securities at (866) 309-6316 (toll-free) or (704) 410-4235 (collect). Global Bondholder Services Corporation is the tender and information agent for the tender offers and can be contacted at (855) 654-2014 (toll-free) (bankers and brokers can call collect at (212) 430-3774) or by email at [email protected].
None of the Company or its affiliates, their respective boards of directors, the lead dealer managers, the co-dealer managers, the tender and information agent, and the trustee with respect to any Notes is making any recommendation as to whether Holders should tender any Notes in response to the Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.
This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of any offer to buy, any security. No offer, solicitation or sale has been or will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Offers are only being made pursuant to the Offer to Purchase. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Offers.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies.
Forward-Looking Statements
This news release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those that express a plan, belief, expectation, estimation, anticipation, intent, contingency, future development, outlook, or similar expression, and can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “could,” “should,” “confident,” “likely,” “plan,” or words of similar meaning. Statements that describe our future plans, objectives or goals are also forward-looking statements. The forward-looking statements involve significant risks and uncertainties, and a number of factors, both foreseen and unforeseen, could cause actual results to differ materially from our current expectations. The factors that may affect our results include, among others, the following: general market conditions which might affect the Offers; our ability to compete effectively against new and existing competitors and to continue to introduce competitive new products and services on a timely, cost-effective basis; changes in customer demand for our products and services; the ability of our technology to keep pace with a rapidly evolving marketplace; our ability to successfully implement and achieve the expected benefits associated with our One Fiserv action plan; the success of our merchant alliances, some of which we do not control; the impact of a security breach or operational failure on our business, including disruptions caused by other participants in the global financial system; losses due to chargebacks, refunds or returns as a result of fraud or the failure of our vendors and merchants to satisfy their obligations; changes in local, regional, national and international economic or political conditions, including those resulting from heightened inflation, rising interest rates, taxes, trade policies and tariffs, a recession, bank failures, or international hostilities, and the impact they may have on us and our employees, clients, vendors, supply chain, operations and sales; our ability to use artificial intelligence to improve our products and services and enhance our operations; the effect of proposed and enacted legislative and regulatory actions affecting us or the financial services industry as a whole; our ability to comply with government regulations and applicable card association and network rules; the protection and validity of intellectual property rights; the outcome of pending and future litigation and governmental proceedings; our ability to successfully identify, complete and integrate acquisitions, and to realize the anticipated benefits associated with the same; the impact of our growth strategies; our ability to attract and retain key personnel; adverse impacts from currency exchange rates or currency controls; changes in corporate tax and interest rates; and other factors identified in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 and in other documents that we file with the Securities and Exchange Commission, which are available at http://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements, which speak only as of the date of this news release. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this news release.
MILWAUKEE, June 24, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV) (the “Company”), a leading global provider of payments and financial services technology solutions, today announced the expiration and results of its tender offers to purchase for cash (the “Offers”) any and all of its outstanding 5.150% Senior Notes due 2027 (the “2027 Notes”) and 4.400% Senior Notes due 2049 (the “2049 Notes” and, together with the 2027 Notes, the “Notes”). The Offers were made under the Offer to Purchase, dated June 16, 2026 (the “Offer to Purchase”). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase. The Offers expired at 5:00 p.m., New York City time, on June 23, 2026 (the “Expiration Date”).
According to information provided by Global Bondholder Services Corporation, the Tender and Information Agent for the Offers, $1,330,795,000 aggregate principal amount of Notes were validly tendered by the Expiration Date and not validly withdrawn. This amount excludes $22,771,000 aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery under the guaranteed delivery procedures specified in the Offer to Purchase (the “Guaranteed Delivery Procedures”) that were submitted by the Expiration Date, all of which remain subject to performance of the delivery requirements under the Guaranteed Delivery Procedures.
The table below includes information about the aggregate principal amount of Notes referred to above broken out between 2027 Notes and 2049 Notes.
Title of SecurityCUSIP No. / ISIN No.Aggregate
Principal Amount
Outstanding
Aggregate
Principal Amount
Tendered(1)Principal Amount
Reflected in Notices
of Guaranteed
Delivery(2) 5.150% Senior
Notes due 2027337738 BJ6 / US337738BJ60 $750,000,000
$516,181,000
$1,801,000
4.400% Senior
Notes due 2049337738 AV0 / US337738AV08
$2,000,000,000
$814,614,000
$20,970,000
(1) These amounts exclude the principal amounts of Notes for which Holders have delivered Notices of Guaranteed Delivery that remain subject to compliance with the Guaranteed Delivery Procedures. (2) To be accepted for purchase, Notes reflected in Notices of Guaranteed Delivery must be validly tendered using the Guaranteed Delivery Procedures by 5:00 p.m., New York City time, on June 25, 2026. The Consideration for each $1,000 principal amount of Notes accepted for purchase in the Offer is $1,005.65 for 2027 Notes and $797.61 for 2049 Notes. In addition to the Consideration, Holders whose Notes are accepted for purchase will receive a cash payment representing the accrued and unpaid interest (such interest as described below, the “Accrued Interest”) on such Notes from the last interest payment date up to, but not including, the Settlement Date (as defined below). Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase, including those tendered pursuant to the Guaranteed Delivery Procedures.
The Company intends to accept for purchase the principal amount of all Notes specified in the table above (including Notes reflected in Notices of Guaranteed Delivery that are validly tendered using the Guaranteed Delivery Procedures by 5:00 p.m., New York City time, on June 25, 2026) and pay the applicable Consideration and Accrued Interest for such Notes on the Settlement Date, which is expected to be June 26, 2026 unless extended (the date on which such payment occurs is the “Settlement Date”).
The description of the Offers in this news release is only a summary and is qualified in its entirety by reference to the Offer to Purchase.
Citigroup Global Markets Inc. (“Citigroup”), J.P. Morgan Securities LLC (“J.P. Morgan”), TD Securities (USA) LLC (“TD Securities”) and Wells Fargo Securities, LLC (“Wells Fargo Securities”) are the lead dealer managers for the tender offers. Investors with questions regarding the tender offers may contact the lead dealer managers at the following telephone numbers: (i) Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect), (ii) J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), (iii) TD Securities at (866) 584-2096 (toll-free) or (212) 827-2842 (collect), and (iv) Wells Fargo Securities at (866) 309-6316 (toll-free) or (704) 410-4235 (collect). Global Bondholder Services Corporation is the tender and information agent for the tender offers and can be contacted at (855) 654-2014 (toll-free) (bankers and brokers can call collect at (212) 430-3774) or by email at [email protected].
None of the Company or its affiliates, their respective boards of directors, the lead dealer managers, the co-dealer managers, the tender and information agent, and the trustee with respect to any Notes is making any recommendation as to whether Holders should tender any Notes in response to the Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.
This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation or sale has been or will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Offers were only made pursuant to the Offer to Purchase. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Offers.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies.
Forward-Looking Statements
This news release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those that express a plan, belief, expectation, estimation, anticipation, intent, contingency, future development, outlook, or similar expression, and can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “could,” “should,” “confident,” “likely,” “plan,” or words of similar meaning. Statements that describe our future plans, objectives or goals are also forward-looking statements. The forward-looking statements involve significant risks and uncertainties, and a number of factors, both foreseen and unforeseen, could cause actual results to differ materially from our current expectations. The factors that may affect our results include, among others, the following: our ability to compete effectively against new and existing competitors and to continue to introduce competitive new products and services on a timely, cost-effective basis; changes in customer demand for our products and services; the ability of our technology to keep pace with a rapidly evolving marketplace; our ability to successfully implement and achieve the expected benefits associated with our One Fiserv action plan; the success of our merchant alliances, some of which we do not control; the impact of a security breach or operational failure on our business, including disruptions caused by other participants in the global financial system; losses due to chargebacks, refunds or returns as a result of fraud or the failure of our vendors and merchants to satisfy their obligations; changes in local, regional, national and international economic or political conditions, including those resulting from heightened inflation, rising interest rates, taxes, trade policies and tariffs, a recession, bank failures, or international hostilities, and the impact they may have on us and our employees, clients, vendors, supply chain, operations and sales; our ability to use artificial intelligence to improve our products and services and enhance our operations; the effect of proposed and enacted legislative and regulatory actions affecting us or the financial services industry as a whole; our ability to comply with government regulations and applicable card association and network rules; the protection and validity of intellectual property rights; the outcome of pending and future litigation and governmental proceedings; our ability to successfully identify, complete and integrate acquisitions, and to realize the anticipated benefits associated with the same; the impact of our growth strategies; our ability to attract and retain key personnel; adverse impacts from currency exchange rates or currency controls; changes in corporate tax and interest rates; and other factors identified in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 and in other documents that we file with the Securities and Exchange Commission, which are available at http://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements, which speak only as of the date of this news release. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this news release.
Card issuers gain patented technology to save their card on file at hundreds of merchant and bill pay sites, driving interchange revenue
, /PRNewswire/ -- Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, and Strivve, Inc., the Fiserv Issuer Solutions partner for card-on-file placement, today announced a partnership that connects Fiserv Issuer Solutions clients with Strivve's patented Top of Wallet® platform, giving issuers a scalable way to win the card-on-file position that now drives most online spending.
The partnership addresses a persistent challenge for card issuers: 84% of U.S. digital transaction volume is tied to payment methods already stored on file at the merchant. Most issuers lack a scalable way to get and keep their cards saved where their cardholders shop and pay bills online.
Strivve's Top of Wallet® platform solves that. The service makes it easy for cardholders to save their card on file at hundreds of merchant and bill pay sites — right from within their issuer's mobile app or website. Cardholders select the sites they use, and Strivve's automation and agentic AI handles the rest, navigating each site and entering the card details on their behalf in seconds. No merchant integrations required. At Michigan State University Federal Credit Union, Strivve's platform achieved a 96% card-placement success rate and a 12x return on investment. Issuers typically see measurable transaction-volume gains within 90 days.
The partnership extends the value of Fiserv's Optis platform — which supports 1.1 billion accounts and serves 26 of the top 50 credit issuers in North America — by ensuring cards are saved where people spend. Strivve also amplifies the performance of adjacent Fiserv solutions including rewards, virtual cards, and tokenization, which all deliver more when the card is the one on file.
"Card issuers are focused on growing interchange revenue and deepening cardholder engagement in an increasingly competitive digital payments environment," said Paul Cressman, VP of Communications, Strategy and Channels at Fiserv. "Strivve's Top of Wallet platform gives our Issuer Solutions clients a proven, scalable way to get their cards saved where their cardholders spend — complementing the capabilities they already rely on through our Optis platform."
"Fiserv serves the largest and most sophisticated card issuers in North America, and this partnership puts Strivve's technology in front of the institutions where card-on-file placement delivers the greatest impact," said Chris Hopen, CEO and Co-Founder of Strivve. "Every card lifecycle event -- new issuance, reissuance, co-brand launch, portfolio conversion -- is a revenue opportunity. Our platform ensures issuers capture that opportunity from day one."
Strivve works with more than 200 issuers today across co-brand and retail banking card programs, and is growing rapidly through direct relationships and partnerships across digital banking. The company holds issued patents covering its AI and machine learning algorithms purpose-built for card-on-file placement and owns the registered trademark Top of Wallet® -- the only such trademark in the payments industry.
About Fiserv
Fiserv, Inc. (NYSE: FI) is a leading global provider of payments and financial services technology solutions. The company provides account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv serves clients worldwide, and has been recognized as one of Fortune® magazine's World's Most Admired Companies for 19 consecutive years. Visit fiserv.com and follow on social media for more information and the latest company news.
About Strivve
Strivve, Inc. is the creator of the Top of Wallet® card-on-file placement platform — the market-leading service that makes it easy for cardholders to save their card on file at hundreds of merchant and bill pay sites in seconds. Founded in 2016 and headquartered in Seattle, Strivve's patented AI and machine learning technology serves more than 200 issuers through direct relationships and integration partnerships with Fiserv, Velera, Alkami, Digital Onboarding, and others. Strivve owns the registered trademarks Top of Wallet® and CardSavr® and the trademarks Capture More Commerce™, CardUpdatr™, and CardLinks™. Visit strivve.com for more information.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about beliefs, expectations or future performance, are forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. Neither Fiserv nor Strivve undertakes any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Top of Wallet is a registered trademark of Strivve, Inc. CardSavr is a registered trademark of Strivve, Inc. Capture More Commerce, CardUpdatr, and CardLinks are trademarks of Strivve, Inc. Clover is a registered trademark of Fiserv, Inc. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners.
, /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") released its 2025 Sustainability Report highlighting the Company's key achievements and progress in advancing its environmental, social and governance ("ESG") goals. The annual sustainability report provides disclosure of ESG topics and aligns with the Sustainability Accounting Standards Board ("SASB") reporting framework for the Metals and Mining Industry.
"Our 2025 Sustainability Report reflects a milestone year for Perpetua Resources," said Jon Cherry, President and CEO of Perpetua Resources. "After years of environmental review, stakeholder engagement, and technical development, we secured our final federal permits and began early works construction activities at the Stibnite Gold Project. Reaching this point was made possible by a long-standing commitment to safety, responsible development, and meaningful partnership with our stakeholders. As we move into construction, our sustainability commitments are more important than ever. They will continue to guide our work as we help supply the critical minerals America needs, restore a historic mining district and create lasting benefits for local communities."
2025 Sustainability Report Highlights:
166 months (13+ years) with no reportable spills 121 months (10+ years) with no lost time incidents 100 percent of employees participated in business integrity and compliance related training Provided 590 hours of volunteer service to the community Finalized a cultural monitoring agreement with the Shoshone Paiute Tribes Posted approximately $159.6 million in construction phase Financial Assurance Contributed $63.4 million to Idaho's economy in 2025 Completed $19+ million in legacy cleanup to improve water quality at site since 2021 Fulfilled $450,000 milestone payment to the Stibnite Foundation and 150,000 company shares representing $3.75 million at a share value of $25 / share Established a $250,000 Stibnite Launch Scholarship Fund with the College of Western Idaho Perpetua's 2025 Sustainability Report provides an in-depth look at the Company's sustainability achievements over the last year, as well as the Company's efforts to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit gold mines in the country, and restore an abandoned mine site.
Website: Perpetua Resources Home - Perpetua Resources
About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and holds the only identified domestic reserve of the critical mineral antimony, which is essential to the defense, energy and manufacturing sectors. The Project is designed to apply a modern, responsible mining approach to restore an abandoned mine site and provide uplift to water quality, improve fish habitat access, and invest in river restoration while supporting local economic development in rural Idaho.
Forward-Looking Statements
Information and statements contained in this report that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. We use words such as "may," "would," "could," "should," "will," "expect," "anticipate," "believe," "intend," "plan," "potential", "estimate" and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. Forward-Looking Information includes, but is not limited to, information concerning the business of Perpetua Resources Corp. (the "Company"); the Stibnite Gold Project (the "Project"), including but not limited to, certain assumptions that the U.S. EXIM financing application will close and fund within the expected timeframe; that the Company's proposed financing will be successful and will be sufficient to finance permitting, pre-construction and construction of the Project or that the Company will be able to secure alternate financing if necessary; timing of anticipated milestones related to the Project and financing; our ability to comply with, obtain and defend permits related to the Project; the expected outcomes of the Project, including our mineral reserves and mineral resources; environmental cleanup actions by us and our contractors; ongoing funding and anticipated liquidity; our ability to comply with permits related to the Stibnite Gold Project; timing of anticipated milestones related to the Project; the realization of benefits from strategic partnerships, including the partnership with Idaho National Laboratory; planned exploration and development of properties and the results thereof; success of environmental protection, closure and remediation activities; predictions regarding improvements to water quality, water temperature, and fish habitats and other environmental conditions at the site, including with respect to process and timing of such improvements; reduction of the Project footprint and the anticipated benefits and other effects thereof; our ability to successfully implement the Project and the occurrence of the expected benefits from the Project, including contributions to the workforce, national security and clean energy transition; ESG-related goals, strategies, priorities and initiatives, including, among others, those related to GHG emissions, waste and hazardous materials management, habitat and biodiversity, health, safety and wellbeing, labor practices and human rights; the anticipated economic, environmental and other benefits of the Project; the viability of the Project; development and operating costs in the event that a production decision is made; success of exploration, development and environmental protection, closure and remediation activities; risks and opportunities associated with the Project; the timing and results of future exploration and material sampling by the Company, including with respect to antimony and tungsten; anticipated timing and results of ongoing engineering and contracting activities; plans for the design and construction of the Project; the viability of the Project; expected construction, development and operating costs in the event that a final construction decision is made; and development of any additional resources and reserves and the permitting requirements with respect to any such additional resources and reserves. Statements concerning mineral resource and mineral reserve estimates may also constitute Forward-Looking Information to the extent that they involve estimates of the mineralization that may be encountered if the Project is developed. In preparing the Forward-Looking Information herein, the Company has applied several material assumptions, including, but not limited to, assumptions underlying the basic engineering work; that the U.S. Export-Import Bank's financing application will close and fund within the expected timeframe; that the Company's proposed financing will be successful and will be sufficient to finance permitting, pre-construction and construction of the Project or that the Company will be able to secure alternate financing if necessary; that no pending or future litigation will result in the loss of any material permits or material delay to the Project schedule or a material increase to Project costs; that we will be able to obtain sufficient funding to finance preconstruction and construction of the Project and that all requisite information will be available in a timely manner; that the current exploration, development, environmental and other objectives concerning the Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold and antimony will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for planned activities on the Project will be obtained in a timely manner and on acceptable terms; that permitting, construction and operations costs will not materially increase; the continuity of the price of gold, antimony and other metals, economic and political conditions and operations; and the assumptions set out in the Company's reports filed with the SEC. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, delays in the negotiation, and closing of the U.S. EXIM loan or material changes to the terms of the loan; delays in, or inability to satisfy the conditions to signing, closing or funding of the U.S. EXIM loan, if approved; risks related to unforeseen delays in the review and permitting process, including as a result of legal challenges to the ROD or other permits; risks related to opposition to the Project; risks related to increased or unexpected costs in development, construction, operations or the permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or at all; the industry-wide risks and project-specific risks identified in the Company's reports filed with the SEC; operations and contractual obligations; changes in exploration programs based upon results of exploration; changes in estimated mineral reserves or mineral resources; future prices of metals and minerals; availability of personnel and equipment; equipment failure; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks, including environmental matters under US federal and Idaho rules and regulations; impact of environmental remediation requirements and the terms of existing and potential consent decrees on the Company's planned exploration and development activities on the Project, physical and transition risks associated with climate change, increased attention to ESG-related matters, risks related to our public statements with respect to such matters that may be subject to heightened scrutiny from public and governmental authorities related to the risk of potential "greenwashing," (i.e., misleading information or false claims overstating potential sustainability related benefits); certainty of mineral title; community relations; delays in obtaining governmental approvals or financing; the Company's dependence on one mineral project; the nature of mineral exploration and mining and the uncertain commercial viability; the Company's lack of operating revenues; governmental regulations and the ability to obtain necessary licenses and permits; risks related to prior unregistered agreements, transfers or claims and other defects in title to mineral projects; currency fluctuations; changes in environmental laws and regulations and changes in the application of standards pursuant to existing laws and regulations; risks related to dependence on key personnel; risks to employee health and safety and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak of disease; estimates used in budgeting and financial statements proving to be incorrect; risks related to opposition to the Project; risks related to increased or unexpected costs in operations or the permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or at all; risks related to the outcome of litigation and potential for delay of the Project, as well as those factors discussed in the Company's public disclosure record. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business and liquidity, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedarplus.com. Except as required by law, the Company expressly disclaims any obligation to update the Forward-Looking Information herein.
Cautionary Statement Regarding Technical Information
The technical information in respect of the Stibnite Gold Project in this report is based upon information contained in the technical report titled "Stibnite Gold Project, S-K 1300 Technical Report Summary, Valley County, Idaho, USA," dated as of December 31, 2025 (the "TRS"), developed for the Stibnite Gold Project in accordance with the mining property disclosure rules specified in Regulation S-K subpart 1300 ("S-K 1300") promulgated by the SEC and published on March 31, 2026. Such information is as of December 31, 2025, and is subject to the assumptions, exclusions and qualifications set forth in the TRS. For additional information regarding the TRS, investors are encouraged to refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026. Data regarding domestic antimony reserves based on U.S. Geological Survey, Mineral Commodity Summaries, dated as of January 2026.
Representative Ro Khanna is sitting on a paper gain of more than 5,000% after purchasing shares of SanDisk Corporation (NASDAQ: SNDK) less than a year ago.
A disclosure filing shows Khanna purchased between $1,001 and $15,000 worth of SNDK shares on Aug. 4, 2025. The transaction was reported on Sept. 9, 2025.
Since then, SNDK stock has surged approximately 5,039%, vastly outperforming the broader market, with the S&P 500 gaining about 18.6% over the same period.
As of press time, SNDK was trading at $2,184, up roughly 4,700% over the past year.
SNDK one-year stock price chart. Source: Google Finance The filing does not indicate any wrongdoing, but the Congress trade timing has attracted attention, given the stock’s extraordinary performance.
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A gain of more than 5,000% would have turned a $1,001 investment into roughly $51,000 and a $15,000 investment into more than $770,000 on paper.
The gain has drawn attention as SanDisk emerged as one of the biggest beneficiaries of the AI boom.
SNDK stock fundamentals Since spinning off from Western Digital in early 2025, the company has benefited from surging demand for NAND flash memory and data center storage used in AI infrastructure.
Investors have cheered strong earnings, expanding margins, rising memory prices, and supply agreements reportedly exceeding $11 billion.
Major cloud providers, including Microsoft, Alphabet, Amazon, and Meta Platforms, have significantly increased spending on AI infrastructure, creating a favorable environment for memory and storage suppliers.
Meanwhile, Khanna was not the only lawmaker to bet on SanDisk. Congressional disclosures show that Gilbert Cisneros reported purchases in January and March 2026, while Josh Gottheimer disclosed a purchase in May 2026.
Lisa McClain also reported both purchases and sales of the stock in late 2025.
Overall, public congressional trading trackers show at least 14 lawmakers have disclosed trades in SNDK, reflecting growing interest in one of the market’s best-performing AI stocks.
Although there is no evidence that the SNDK trade involved any improper activity, the investment highlights concerns over possible use of insider information to trade.
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Viewed from one angle, Micron (MU 0.02%) and Sandisk (SNDK 0.61%) stocks look like competitors, both making NAND flash memory and battling for market share there, even as Sandisk makes inroads into Micron's high-bandwidth memory (HBM) DRAM market by offering its own "high-bandwidth flash" as an alternative.
But that's just one angle.
Viewed another way, Micron and Sandisk stocks seem joined at the hip, as when today, a new partnership and a pair of price target hikes for Micron stock immediately sent Sandisk stock up 4.7% through 11:50 a.m. ET.
Image source: Getty Images.
Micron's good news This morning, Micron announced a "strategic" deal to supply computer memory to Anthropic, collaborating with the AI leader on memory and storage AI architecture design, and even investing in Anthropic directly.
Could Sandisk find a strategic partner of its own to match Micron's move? Perhaps. In the meantime, Sandisk can at least ride Micron's coattails thanks to a pair of price target hikes that Micron just received on Wall Street.
In back-to-back upgrades, first Bernstein SocGen Group analyst Mark Li nearly tripled his price target on Micron stock today to $1,300 per share, citing continued high demand for both HBM and solid-state (NAND) drives. Then Needham analyst N. Quinn Bolton posted a price target even higher -- $1,550 per share -- based on what he also sees as a "robust pricing environment" for memory in the artificial intelligence markets for training and inference.
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What this means for Sandisk Insatiable demand for DRAM-based HBM will cause Micron's profits to "rise almost vertically this year," predicts Li, and to keep rising in 2027. While this is most obviously good news for Micron, high prices will likely encourage memory buyers to seek alternatives to DRAM.
And Sandisk will be right there waiting, advertising "high bandwidth flash" as the alternative.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.
In the current economic landscape, forward-looking stock narratives take a backseat to sustainable cash generation. That’s why the search for growth opportunities requires a strict screening methodology such as one inherent within the Victory Free Cash Flow Growth Index (the ‘Index’), which the VictoryShares Free Cash Flow Growth ETF (GFLW) tracks.
Recently, SanDisk earned its position within the Index through its combination of high free cash flow return on invested capital and strong growth prospects. With $4.55 billion in operating cash flow over a nine-month stretch, SNDK is certainly a company to keep on investors’ radars.
How FCF ROIC Screening Works in GFLW The Index screens constituents on FCF ROIC: expected FCF divided by invested capital. Expected FCF blends trailing 12-month free cash flow with forward 12-month estimates. That gives the Index a forward-looking lens that backward-looking screens lack. The ratio measures how efficiently a company turns capital into spendable cash.
At the end of this strict screening process, the companies left exhibit strong, sustainable cash generation. This quality may enhance portfolio resilience while positioning clients for potential long-term growth. The Index’s approach targets large-cap growth companies that are profitably growing because sales growth alone isn’t quality. Quality growth requires that revenue translate into actual cash flow.
See More: Metal, Chips, & Cash: Q1 ‘26 Additions to VictoryShares GFLW
Recent earnings data validate exactly why the Index flagged SanDisk not only as a top holding but as the top holding (as of May 31, 2026). Following its high-profile spinoff from Western Digital, SanDisk has become a pure-play flash storage powerhouse that now aligns with the infrastructure tier of the AI spending boom. As companies build out their AI infrastructures, SanDisk has potential to benefit from this growth. And the numbers back that thesis up: On April 30, SanDisk reported quarterly revenue of $5.95 billion and posted net income of $3.62 billion.
SanDisk’s Zero-Debt Balance Sheet SanDisk’s balance sheet is the strongest evidence of disciplined capital management. Management eliminated the company’s debt entirely, leaving a zero-debt balance sheet heading into the AI infrastructure cycle.
Rather than follow the current trend of pouring excess capital into AI spending mandates, SanDisk has focused on returning capital to shareholders. The board authorized a $6 billion share buyback program. Management’s confidence is backed by results: SanDisk generated $4.55 billion in operating cash flow over a nine-month stretch ($4.55 billion in operating cash flow for the first nine months of fiscal 2026), a strong leading indicator of free cash flow once capex is netted out.
“With a zero-debt balance sheet, strong cash generation, and a recently authorized share repurchase program, we are positioned to deliver substantial long-term value creation for our shareholders,” said David Goeckeler, CEO of SanDisk, in the company’s earnings release.
Capturing companies with the highest FCF ROIC takes more than picking Magnificent Seven names or chasing stocks whose price gains have outrun their fundamentals. An objective metric like FCF ROIC cuts through the headline noise and surfaces opportunities like SanDisk. GFLW offers investors systematic exposure to companies like SanDisk that generate real cash, not just revenue headlines.
For more news, information, and analysis, visit the Free Cash Flow Content Hub.
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GFLW’s Top Ten Holdings as of 5/31/2026 Weighting (%) SanDisk Corporation 6.31 Broadcom Inc. 4.11 NVIDIA Corporation 3.57 Lam Research Corporation 3.26 Newmont Corporation 2.92 GE Vernova Inc. 2.84 Applied Materials, Inc. 2.69 Sterling Infrastructure, Inc. 2.37 Vertiv Holdings Co. Class A 2.20 Comfort Systems USA, Inc. 2.18 Holdings are subject to change and should not be construed as investment advice or a recommendation to buy, sell, or hold any security.
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SanDisk shares are retreating from recent levels. What’s weighing on SNDK shares? What Is Driving Sandisk’s Volatility?The latest narrative has centered on a worsening global shortage of NAND flash memory and SSDs as manufacturers redirect DRAM and NAND capacity toward AI infrastructure, tightening supply for traditional storage products. That backdrop has been tied to heavy data center spending by Alphabet, Microsoft, Meta Platforms and Amazon, which has helped push memory pricing higher.
Sandisk’s bull case has also been reinforced by downstream pricing signals: Apple CEO Tim Cook publicly said Apple plans to increase prices across its product lineup as storage and memory component costs surge, calling the cycle "a 100-year flood," per plans to increase prices.
Bank of America analyst Wamsi Mohan reiterated a Buy view and raised his price forecast to $2,100 from $1,550, pointing to pricing power and a shift toward multi-year contracts to smooth out cyclicality.
Pre-bell, the broader tape is leaning defensive, with Nasdaq-100 futures indicating a 2.7% loss, which can pressure high-momentum names even when the fundamental story is still viewed positively.
Critical Price Levels To Watch For SNDKEven with Tuesday’s premarket dip, the longer-term trend remains steeply bullish: the stock is trading 13.8% above its 20-day SMA ($1,796.66) and 227.4% above its 200-day SMA ($624.36), a "stretched" setup that often invites sharp pullbacks on any shift in risk appetite. The moving-average stack is still constructive (20-day SMA above the 50-day, and the 50-day above the 200-day), which is the classic trend-up alignment.
RSI is the cleanest momentum lens right now at 72.99, which signals the move is still overbought and therefore more vulnerable to air pockets if buyers step back. RSI simply measures how stretched the recent buying/selling has become, and readings above 70 often mean upside can persist—but volatility tends to rise.
Key turning points reinforce that "extended uptrend" framing: RSI first pushed into overbought territory in June, with a June swing high that also marked the 52-week high, following a prior swing low in March. From a levels perspective, traders often watch whether pullbacks can hold above the short-term trend gauges (like the 20-day EMA at $1,823.13) to keep the uptrend intact.
Key Resistance: $2354.39 — the 52-week high from June is the nearest major overhead reference Key Support: $1796.66 — the 20-day SMA is a key trend support area after an extended run above short-term averages What Is Sandisk’s Business Model?Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. It’s vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia, then repackaging much of that output into SSDs for consumer devices, external storage, and cloud storage.
That positioning matters in the current tape because the core debate is about supply tightness and pricing power in NAND and SSDs as AI infrastructure demand pulls capacity away from "traditional" storage markets. Sandisk was part of Western Digital Corp for nine years after a 2016 acquisition and was spun off as an independent company in 2025, which has also put more focus on its standalone execution and contract strategy.
Sandisk Stock Verdict: Momentum vs. ValueBelow is the Benzinga Edge scorecard for Sandisk, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Bullish (Score: 99.95) — The stock is still screening as a top-tier momentum name despite the premarket pullback. Value: Weak (Score: 4.36) — The setup implies investors are paying up for growth and pricing power, leaving less room for disappointment. The Verdict: Sandisk’s Benzinga Edge signal reveals a momentum-driven profile with very strong trend strength but weak value support. For longer-term holders, that usually means the trend can stay in control, but entries and adds tend to matter more because pullbacks can be fast when sentiment cools.
SNDK Stock Price Activity in Premarket TradingSNDK Stock Price Activity: SanDisk shares were down 10.15% at $2042.84 during premarket trading on Tuesday, according to Benzinga Pro data.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
South Korea’s tech-heavy KOSPI index plunged roughly 10% on Tuesday, triggering circuit breakers and raising fresh concerns that one of the market’s hottest trades may finally be running out of steam.
For some investors, that was a sign the AI trade had become overheated. Wedbush analyst Dan Ives sees it very differently.
Why SK Hynix Passing Samsung MattersThe significance of SK Hynix surpassing Samsung goes far beyond market capitalization.
SK Hynix has emerged as one of the biggest beneficiaries of that trend.
The company’s rise reflects a broader shift across the semiconductor industry: investors are increasingly recognizing that AI isn’t just driving demand for GPUs. It’s also creating unprecedented demand for the memory needed to feed those processors.
Dan Ives’ ‘Golden Jewels’ Of The AI RevolutionIn a note to clients, Ives described SK Hynix, Micron Technology Inc. (NASDAQ:MU) and Samsung as the “golden jewels” of the AI revolution. The reason comes down to supply and demand.
High-bandwidth memory has become one of the most important components inside AI servers, and supply remains tight as cloud providers and AI companies race to secure capacity. That scarcity has transformed memory manufacturers from commodity chip producers into strategic beneficiaries of the AI infrastructure buildout.
According to Ives, investors worried about Tuesday’s selloff are missing the bigger picture: strong demand and limited supply continue to support the industry’s long-term outlook.
Why Micron Earnings Matter So MuchThe timing of the selloff is particularly notable because Micron is scheduled to report earnings on Wednesday. The results could become the next major test of the AI memory trade.
Investors will be closely watching management’s commentary on HBM demand, pricing trends and future supply constraints. Any indication that demand remains robust could reinforce Ives’ view that the recent weakness is more about market positioning than deteriorating fundamentals.
A Pullback Or A Warning Sign?Ives views the KOSPI’s decline as a breather following a market that had nearly doubled this year rather than evidence that AI demand is fading. Recent industry checks across Asia continue to show strong enterprise spending and no meaningful cracks in the broader AI investment cycle, according to the note.
That is why Ives remains bullish on the companies sitting at the center of the memory-chip supply chain.
Companies producing memory chips remain crucial to powering the AI boom, and one of them just surpassed Samsung. The demand story, analysts say, is just getting started.
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
HomeIndustriesComputers/ElectronicsTech StocksMicron and Sandisk lead a sharp tech selloff in a ‘gut-check’ moment for AI stocksOne analyst says investors are merely taking a ‘breather’ from buzzy tech stocks, following sharp year-to-date gains and ahead of Micron’s highly anticipated earnings report this weekLast Updated: June 23, 2026 at 5:23 p.m. ET
First Published: June 23, 2026 at 10:40 a.m. ET
After South Korean technology stocks fell hard on Tuesday, U.S.-listed chip stocks also saw heavy pressure.
Shares of Sandisk SNDK fell more than 13% for their worst one-day performance since February, according to Dow Jones Market Data. Micron Technology MU slid 13% and Western Digital WDC shares fell more than 8%.
Memory chip stocks came under heavy pressure on Tuesday, extending a broad technology selloff on Wall Street.
Investors grew increasingly uneasy about the enormous sums being poured into artificial intelligence infrastructure and the growing use of debt to finance that expansion.
Shares of memory chipmakers, some of this year's biggest market winners, suffered steep declines.
Micron Technology MU fell more than 8% in morning trading, while Sandisk tumbled over 10%.
Seagate Technology dropped more than 7% and Western Digital slid over 8%.
The weakness followed a sharp selloff across Asian technology markets earlier in the day.
South Korean memory giants Samsung Electronics and SK Hynix, which together account for roughly half of the benchmark Kospi's market capitalisation, each fell more than 12%.
The declines marked a sharp reversal for a sector that has been among the biggest beneficiaries of the AI boom.
Investors have poured money into memory stocks over the past year, betting that demand for high-performance memory chips used in AI data centres would remain robust for years.
However, analysts say market participants are beginning to question whether the industry's massive capital spending plans are sustainable.
The latest catalyst for those concerns came from SpaceX.
The company, whose shares plunged 16.4% on Monday after unveiling plans for a major bond sale, has become the latest example of companies turning to debt markets to finance large-scale AI and infrastructure ambitions.
Although SpaceX shares were slightly up on Tuesday, analysts said the bond sale had amplified worries surrounding the broader AI ecosystem.
Ipek Ozkardeskaya, senior analyst at Swissquote, said the company had reignited concerns that technology firms may be spending too aggressively.
"Seemingly, the recent IPO did not suffice to assuage the company's funding needs, a reminder of how much money may still be burned on the way to Mars," she said.
Ozkardeskaya noted that Morgan Stanley expects global AI-related borrowing to exceed half a trillion dollars this year, making corporate debt markets increasingly tied to the AI theme.
Concerns are spreading beyond individual companies because some of the world's largest technology firms have collectively committed hundreds of billions of dollars toward building AI infrastructure.
Companies including Alphabet, Amazon, Microsoft, Meta Platforms, and Tesla continue to ramp up investments in data centres and computing capacity, even as investors seek clearer evidence that those spending plans can deliver returns that justify the costs.
Memory stocks have become particularly vulnerable because of their extraordinary gains this year.
Micron shares have surged more than 250% so far in 2026. Sandisk has risen over 639%, while Seagate and Western Digital have gained more than 257% and 260%, respectively.
Such gains have left valuations stretched and increased investor sensitivity to any signs that enthusiasm around AI may be overheating.
Joachim Klement, investment strategist at Panmure Liberum, said the sector had become excessively extended.
"We have seen tech stocks go vertical and become very overbought. What we're doing now is getting rid of that overbought situation," Klement said.
He warned that the correction could become more severe if investors increasingly question the sustainability of massive AI spending plans.
"I think a lot of the selloff is also triggered by SpaceX. A lot of retail investors have taken profits, and this news about additional debt piles onto concerns around fundraising across hyperscalers," he said.
Nigel Green, chief executive of investment adviser deVere Group, told Reuters, "The AI trade became one of the most crowded trades in global markets. When everybody owns the same stocks, the exit door becomes very small very quickly."
Technology stocks are also contending with a less favourable interest-rate environment.
According to CME's FedWatch Tool, traders now see an 88% probability of a Federal Reserve rate increase in December, sharply higher than the 61% probability seen before the central bank's meeting last week.
The prospect of higher borrowing costs poses an additional challenge for highly valued technology companies, particularly those dependent on large amounts of capital to fund ambitious AI infrastructure projects.
Did the AI memory chip bubble just burst? Shares of memory specialist Sandisk (SNDK 0.11%) imploded Tuesday morning, falling 11% through 10:35 a.m. ET. And you can trace the origins of this sell-off straight to one place:
South Korea.
Image source: Getty Images.
Big trouble in little Korea Home to computer memory giants Samsung and SK Hynix, South Korea is the epicenter of money-making in the memory market. Problem is, gigantic profits earned on memory stocks this year have created a Korean stock market bubble, and it may have just popped.
Korea's Financial Supervisory Service (FSS) approved the creation of 16 "single-stock leveraged ETFs" in late May, all of which track Samsung and SK Hynix with 2x leveraged bets on the stocks' performance. When Samsung stock, for example, gains 1%, the ETF that tracks it should gain 2% -- but when Samsung loses 1%, the losses would be magnified just as much.
Think that might make the stock market more volatile? Well, that's exactly what's happening today -- but it's happening with the best intentions.
FSS Governor Lee Chan-jin now states that he wishes he had blocked the creation of these ultra-leveraged ETFs, which have tripled in size to more than $9 billion over the past few weeks, but are "high-risk products" bought primarily by individual investors gambling on market momentum. Today's warning attempted to cool things down -- but ignited a sell-off instead.
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What this means for Sandisk Similar concerns about Sandisk-leveraged ETFs may be adding to this stock's volatility today. More broadly, investors may wonder how much of the momentum that lifted Sandisk stock 4,700% in 52 weeks was investors buying Sandisk as an alternative to Samsung and SK Hynix shares?
If the price rises in Korea were produced artificially -- maybe Sandisk stock didn't deserve all its gains, either?
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Memory has emerged as one of the biggest bottlenecks in the artificial intelligence (AI) infrastructure ecosystem, creating a massive supply shortage and leading to a stunning jump in prices.
AI chip designers have been packing in more high-bandwidth memory (HBM) into their chips, while AI data centers have been quickly cornering the available supply of storage-focused memory chips -- NAND flash -- so that they can store the huge amounts of data needed for AI training and inference. This isn't surprising, as AI processors are now capable of completing calculations before they can receive data from memory storage and other processing units.
And now, the growing adoption of agentic AI applications will further increase the demand for memory chips. That's because agentic AI applications involve solving multiple queries to complete a task autonomously, thereby creating the need for faster compute memory and more data. This is why market research firm TrendForce has substantially increased its revenue estimates for the memory industry for 2026 and 2027.
That's great news for Sandisk (SNDK 0.11%). This AI stock has jumped by 7x so far in 2026, and the latest update from TrendForce suggests it still has multibagger potential. In fact, I won't be surprised to see Sandisk becoming one of the largest companies in the world by the end of 2027 by entering the $1 trillion market cap club.
Let's see why that's possible.
Image source: The Motley Fool.
The NAND flash market's massive growth potential points toward more upside for Sandisk Earlier this year, TrendForce noted that the NAND flash market's revenue will jump by 112% to $147.3 billion in 2026. The firm was anticipating a much slower increase of 19% in NAND flash revenue to $175.7 billion in 2027. However, it has now significantly increased those estimates.
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The growing adoption of agentic AI applications has encouraged TrendForce to raise its 2026 NAND flash revenue estimate to $270.6 billion, suggesting a massive increase of 280.7% over last year. What's more, it expects another 40% increase in the NAND flash industry's revenue in 2027 to just over $379 billion. The firm notes that demand for flash-based high-performance solid-state drives (SSDs) will increase due to the growth in AI inference, training, and agentic workloads.
That's not surprising, as the high costs and limited supply of HBM, along with slower access speeds offered by traditional hard disk drives (HDDs), make SSDs ideal for storing large amounts of data that can be accessed quickly with higher power efficiency. Moreover, the rapid jump in SSD demand and the ongoing supply constraints in the industry should continue to boost prices.
Gartner is projecting a 234% increase in NAND flash prices this year. The firm also adds that it isn't expecting any meaningful relief in pricing until late 2027. And now, the agentic AI-driven demand for NAND flash memory is going to be another big catalyst for prices next year. That's going to pave the way for further growth in Sandisk's earnings.
It is worth noting that analysts have already started raising their earnings growth expectations for Sandisk for the next fiscal year (which will begin this month).
Data by YCharts
Moreover, Sandisk's share of the global NAND flash market suggests that it is on track to witness a phenomenal increase in revenue, which could be enough for the company to achieve a trillion-dollar market cap.
Here's how this memory specialist could get to a trillion-dollar valuation According to Counterpoint Research, Sandisk's share of the NAND flash market stood at 13% in the first quarter of 2026. The company's market share has remained fairly consistent over the past few quarters.
Assuming Sandisk continues to control 13% of the NAND flash market at the end of 2027, and the industry's revenue increases to $379 billion (as per TrendForce), its top line in calendar 2027 could reach $49.3 billion. That points toward a massive increase over Sandisk's trailing-twelve-month revenue of $13.2 billion.
Sandisk has a price-to-sales ratio of 26 as of this writing. That's on the expensive side compared to the U.S. technology sector's average sales multiple of 8. However, investors shouldn't forget that Sandisk is a growth stock, and its top line has accelerated impressively in recent quarters.
Data by YCharts
The big jump in Sandisk's revenue in 2027 should allow it to sustain its premium valuation. Even if Sandisk trades at just over 20 times sales by the end of next year, it could become a $1 trillion company given that it may generate close to $50 billion in revenue in calendar 2027 (based on the estimate calculated earlier in this section).
Sandisk currently has a market cap of $295 billion, indicating that it has room to fly significantly higher over the next 18 months. That's why growth-oriented investors can still consider buying Sandisk shares, as it has the potential to jump by more than 3x by the end of 2027.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The memory and storage segment of the semiconductor sector is in the midst of a powerful boom, fueled by the artificial intelligence (AI) infrastructure build-out. With hyperscalers and others pouring hundreds of billions of dollars into new data centers, demand for high-capacity solid-state drives (SSDs) is far outpacing the world's capacity to manufacture them. As a leading producer of NAND flash storage and enterprise SSDs, Sandisk (SNDK 0.11%) has been one of the clearest beneficiaries of this movement.
So far this year, Sandisk stock has surged 873% -- making it the top-performer in the Nasdaq-100 by a wide margin. While such gains might suggest to some that Sandisk's rally has become overdone, a close look at the company's operational trends and valuation points to the potential for further upside.
Let's dig into what the next year could look like for Sandisk investors. Spoiler alert: The stock could still be a multibagger from here.
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Breaking down the memory up cycle's tailwinds The primary driver behind Sandisk's rise is big tech's insatiable demand for memory and storage solutions. AI training clusters require vast quantities of high-performance storage alongside accelerated compute systems, and data center operators are deploying those systems at a prodigious pace.
Also, large enterprises and cloud infrastructure providers are refreshing their aging servers by adding denser, faster SSDs; meanwhile, consumer demand for premium AI-enabled devices supports baseline volumes. The imbalance between supply and demand has allowed all of the memory makers to boost their average selling prices significantly. That has translated into noticeable profit margin expansion and top-line momentum for Sandisk.
SNDK Revenue (TTM) data by YCharts.
New contract structures give Sandisk strong earnings visibility One of the bearish talking points surrounding an investment in Sandisk is the cyclical nature of the memory and storage chip market. While this argument has some validity, Sandisk has made an interesting move that suggests that the memory and storage solutions markets are becoming more secular in the context of the broader AI infrastructure narrative.
Sandisk's management recently highlighted its new business model, which features multiyear supply agreements that provide the company with exceptional visibility into its future sales and profits -- something it historically lacked. During Sandisk's fiscal third-quarter earnings call, management shared that the company has signed five multiyear supply agreements this year -- and just the three it inked in its most recent fiscal quarter carry a minimum total value of $42 billion.
The resulting backlog and contracted performance obligations extend Sandisk's runway well into 2028 and beyond -- materially reducing its cyclical risk. For this reason, the analysts' consensus points to earnings per share (EPS) of approximately $65 in fiscal 2026, followed by a step-up to roughly $183 next year as its volumes scale further and its margins continue to widen.
Image source: Getty Images.
Where will Sandisk stock be in one year? Sandisk's forward price-to-earnings (P/E) multiple has expanded significantly throughout 2026. While rapid multiple expansion can sometimes signal froth, I think Sandisk's current valuation profile remains compelling given the duration and magnitude of the demand outlook.
Should Sandisk continue to meet or exceed its revenue and profitability targets, further upside could be in store even without further multiple expansion. For example, if Sandisk hits analysts' 2027 EPS target of $183 and maintains a forward earnings ratio of around 33, the stock would rocket to about $6,000. That would be 160% above current levels.
Taking this one step further, Sandisk stock could easily continue rising even if its multiples contract or normalize a bit. For instance, if the company generates earnings results consistent with Wall Street's outlook but its forward P/E dips to a level more in line with the average S&P 500 figure of 22, Sandisk stock would still surge to roughly $4,000 per share by the end of next year.
All told, the combination of strong secular tailwinds supported by contracted revenue visibility and compounding earnings creates a compelling setup for share price appreciation. If this memory up cycle persists and the company delivers on its expectations, the stock has a credible path to at least double -- if not gain even more -- by year-end 2027.
Halifax, Nova Scotia--(Newsfile Corp. - June 18, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to acknowledge the Government of Canada's announcement at the 2026 G7 Leaders' Summit in Évian, France, which identified the Ucore-Sumitomo Corporation collaboration as one of the new critical minerals partnerships supporting rare earth supply for magnet makers across Japan and North America.
The Government of Canada announced that 13 new partnerships and initiatives with more than eight countries are expected to unlock more than $5 billion in capital investment across Canada's critical minerals value chain. The Ucore-Sumitomo collaboration was highlighted within this broader initiative as Canada and its G7 partners work to diversify supply chains, reduce market concentration and accelerate reliable production for allied markets.
This recognition follows Ucore's June 15, 2026 announcement of a strategic cooperation framework with Sumitomo Corporation of Americas ("SCOA") to support the development of a diversified rare earth supply chain across North America and allied markets. Under that framework, Ucore and SCOA intend to collaborate on rare earth feedstock sourcing for Ucore's Louisiana Strategic Metals Complex ("SMC") and downstream offtake development for separated rare earth products, including selected middle and heavy rare earth elements used in high-performance magnets and advanced materials applications.
"Canada's leadership at the G7 sends a clear message that rare earth separation capacity is essential industrial infrastructure for allied economic security," said Pat Ryan, P.Eng., Chairman and Chief Executive Officer of Ucore. "Japan has long understood the strategic importance of rare earth supply chain diversification, and Sumitomo Corporation of Americas brings significant global sourcing, logistics and market access capabilities to this effort. Ucore is proud that our collaboration has been recognized as part of Canada's broader critical minerals strategy, and we believe this is a pivotal step toward building trusted, transparent and commercially durable rare earth supply chains for Japan, North America and allied markets."
At the G7 Leaders' Summit, the G7 declared its intention to reduce dependencies on a single supplier outside the G7 and partner countries for rare earths and permanent magnets to under 60% by 2030, with an ambition to continue reducing that level over time. The declaration also emphasized the importance of new processing and industrial capacity, demand aggregation, coordinated financing, stockpiling, traceability and cooperation with trusted partners.
For additional perspective, investors and stakeholders are encouraged to watch Ucore Chairman and CEO Pat Ryan's recent video discussion outlining the strategic significance of the Company's collaboration with Sumitomo Corporation of Americas:
Watch:
Cannot view this video? Visit:
https://www.youtube.com/watch?v=1HiVo_fnUaU
# # #
About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, Ucore aims to support the development of a more diversified and resilient North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit www.ucore.com.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q1-2026 (filed on SEDAR+ on May 29, 2026) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations.
Forward-looking statements are based on a number of material assumptions, including, without limitation: the successful completion and accuracy of baseline, front-end-engineering design and detailed engineering studies; the ability to complete further engineering, procurement, and construction activities as currently contemplated; the availability, cost, and timely delivery of equipment, materials, utilities, labour and construction services; the Company's ability to secure sufficient financing on acceptable terms; the receipt and timing of all required permits and approvals; the successful scale-up and commercial deployment of RapidSX™ technology from demonstration to commercial operation; the availability of qualified feedstock from third-party suppliers; successful customer qualification and offtake discussions; continued support from governmental partners; and general economic, market, and industry conditions, including assumptions regarding rare earth oxide prices, which are subject to significant volatility..
Although the Company believes that the assumptions underlying the forward-looking information are reasonable, there can be no assurance that such assumptions will prove to be accurate or that the anticipated results, performance, or achievements will be realized. Actual results may differ materially from those expressed or implied by the forward-looking information.
Factors that could cause actual results to differ materially include, without limitation: risks associated with the development, scale-up, and commercialization of new or unproven technologies; the risk that RapidSX™ may not perform at commercial scale as expected; engineering design changes; inaccuracies in capital or operating cost estimates; cost escalation due to inflation, supply chain disruption, or market conditions; delays or failures in procurement, construction, or commissioning; the inability to obtain or maintain required permits, approvals, or regulatory authorizations; challenges in securing adequate financing; adverse capital market conditions; variability in feedstock supply, quality, or pricing; failure to secure or maintain commercial relationships, customer qualification, or offtake arrangements; fluctuations and uncertainty in rare earth oxide prices and demand; the risk that indicative or quoted market prices, including for ex-China markets, may not be realized; operational risks once in production, including equipment failures or lower-than-expected recoveries; geopolitical risk; changes in applicable laws or regulations; environmental or permitting challenges; loss of key personnel; and general economic, business, or competitive conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302045
Source: Ucore Rare Metals Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Ucore has produced 99.5%+ neodymium-praseodymium oxide generated at its 52-stage RapidSX™ Demonstration Plant in Kingston, OntarioInitial NdPr oxide qualification samples were shipped to major rare earth permanent magnet manufacturers serving North American and European supply chainsTesting of the samples begin the process of confirming purity, phase composition, consistency, and compatibility with customer-compliant NdFeB permanent magnet manufacturing processesThe qualification work is intended to support the development of structured definitive supply agreements aligned with Ucore's planned Louisiana Strategic Metals Complex and its Commercialization and Demonstration Facility in Kingston, OntarioHalifax, Nova Scotia--(Newsfile Corp. - June 22, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has produced commercial-grade neodymium-praseodymium ("NdPr") oxide and shipped initial qualification samples to major rare earth permanent magnet manufacturers for technical evaluation.
The sample shipments mark an important step in Ucore's strategy to connect its RapidSX™ rare earth separation platform directly with downstream magnet, metal, alloy, and advanced materials supply chains. NdPr oxide is a critical midstream material that is converted into metal and alloy feedstock for neodymium-iron-boron ("NdFeB") permanent magnets, which are used across high-performance motors, robotics, electric vehicles, industrial automation, renewable energy systems, and defense applications.
The NdPr oxide qualification samples were produced as part of Ucore's ongoing demonstration and commercialization work. During this work, the Company's 52-stage RapidSX™ Demonstration Plant at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, processed a heavy mixed rare earth oxide ("MREO") feedstock derived from an ionic clay source and produced 99.5%+ NdPr chloride. Ucore subsequently converted a portion of this chloride solution into 99.5%+ NdPr oxide.
Strategic Alignment with Western Supply Chain Development
Ucore has previously announced strategic relationships with major rare earth permanent magnet manufacturers that are working to expand Western magnet production capacity. These relationships are intended to position Ucore as a midstream rare earth oxide supplier for strategically important downstream manufacturers focused on rebuilding North American and allied rare earth magnet supply chains. In addition to utilizing dysprosium ("Dy") and terbium ("Tb"), which Ucore plans to produce in Louisiana, these magnet manufacturers also utilize NdPr oxide, which is expected to be an important part of Ucore's product suite at its prospective Louisiana SMC.
"Sample qualification is a critical step toward developing potential offtake arrangements," stated Pat Ryan, P.Eng., Ucore's Chairman and Chief Executive Officer. "The NdPr oxide shipped to major rare earth magnet manufacturers was not produced in a concept study. It was produced through Ucore's RapidSX™ demonstration platform, from real mixed rare earth feedstock, and is now in the hands of companies working to develop Western magnet manufacturing capacity."
Mike Schrider, P.E., Ucore's Vice President and Chief Operating Officer, commented: "For downstream customers, oxide quality matters. Purity, impurity control, physical form, consistency, conversion performance, and traceability all have to be understood before commercial supply can begin. These samples give potential customers the material they need to evaluate Ucore's rare earth oxides against their own technical and manufacturing requirements."
Schrider added: "This work also gives Ucore direct feedback from downstream customers as we continue to translate the learnings from our Kingston CDF into the design, construction, commissioning, and operational plans of the Louisiana Strategic Metals Complex."
Customer Qualification: Turning Separated Oxides into Supply Chain Inputs
The evaluation work by major downstream customers focuses on confirming that Ucore's rare earth oxides meet the technical, quality, and traceability requirements for use in Western magnet and advanced materials supply chains.
The qualification process is expected to include:
independent chemical assay work to confirm rare earth oxide purity and key impurity levels;confirmation of oxide characteristics, including phase composition, handling, moisture, and consistency;assessment of compatibility with magnet manufacturing requirements, including alloy formulation, process qualification, and finished magnet compliance expectations; anddevelopment of product specifications, quality assurance protocols, logistics requirements, and commercial terms to support definitive long-term supply agreements.This qualification process is a key step toward elevating strategic relationships currently at the MOU level and could contribute toward potential commercial offtake arrangements. It allows downstream manufacturers and advanced materials customers to certify that Ucore's separated rare earth oxide products meet their required technical specifications before larger-volume supply commitments are finalized.
# # #
About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, Ucore aims to support the development of a more diversified and resilient North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit www.ucore.com.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, products to be produced at the Louisiana SMC, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q1-2026 (filed on SEDAR+ on May 29, 2026) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations.
Forward-looking statements are based on a number of material assumptions, including, without limitation: the successful completion and accuracy of baseline, front-end-engineering design and detailed engineering studies; the ability to complete further engineering, procurement, and construction activities as currently contemplated; the availability, cost, and timely delivery of equipment, materials, utilities, labour and construction services; the Company's ability to secure sufficient financing on acceptable terms; the receipt and timing of all required permits and approvals; the successful scale-up and commercial deployment of RapidSX™ technology from demonstration to commercial operation; the availability of qualified feedstock from third-party suppliers; successful customer qualification and offtake discussions; continued support from governmental partners; and general economic, market, and industry conditions, including assumptions regarding rare earth oxide prices, which are subject to significant volatility..
Although the Company believes that the assumptions underlying the forward-looking information are reasonable, there can be no assurance that such assumptions will prove to be accurate or that the anticipated results, performance, or achievements will be realized. Actual results may differ materially from those expressed or implied by the forward-looking information.
Factors that could cause actual results to differ materially include, without limitation: risks associated with the development, scale-up, and commercialization of new or unproven technologies; the risk that RapidSX™ may not perform at commercial scale as expected; engineering design changes; inaccuracies in capital or operating cost estimates; cost escalation due to inflation, supply chain disruption, or market conditions; delays or failures in procurement, construction, or commissioning; the inability to obtain or maintain required permits, approvals, or regulatory authorizations; challenges in securing adequate financing; adverse capital market conditions; variability in feedstock supply, quality, or pricing; failure to secure or maintain commercial relationships, customer qualification, or offtake arrangements; fluctuations and uncertainty in rare earth oxide prices and demand; the risk that indicative or quoted market prices, including for ex-China markets, may not be realized; operational risks once in production, including equipment failures or lower-than-expected recoveries; geopolitical risk; changes in applicable laws or regulations; environmental or permitting challenges; loss of key personnel; and general economic, business, or competitive conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302334
Source: Ucore Rare Metals Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced today that after obtaining the approval of stockholders at its 2026 annual meeting, held on June 18, 2026, it had entered into the seventh amendment to the Company's Section 382 Rights Agreement (the "Rights Plan") designed to preserve the Company's substantial tax assets associated with net operating loss carryforwards ("NOLs") under Section 382 of the Internal Revenue Code ("Section 382"). The seventh amendment extends the Rights Plan through June 30, 2029. The Rights Plan is similar to plans adopted by other public companies with significant NOLs.
Pursuant to U.S. federal income tax rules, the Company's use of certain tax assets could be substantially limited if the Company experiences an "ownership change" (as defined in Section 382). In general, an ownership change occurs if the ownership of the Company's stock by "5 percent stockholders" increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years on a rolling basis.
For additional details regarding the amendment to the Rights Plan, please see the Company's forthcoming Current Report on Form 8-K and amendment to Registration Statement on Form 8-A to be filed with the Securities and Exchange Commission.
About Centrus Energy Corp.
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.
With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.
The stock of Centrus Energy Group (LEU 2.04%) didn't exactly go nuclear on Thursday, but investor enthusiasm over a new deal boosted its price. The nuclear fuel and enrichment services company's shares raced more than 12% higher on the news in that trading session.
A powerful piece of news In a joint press release published that morning, Centrus and small modular reactor (SMR) company Oklo announced they had signed a letter of intent for a set of projects in Ohio.
Image source: Getty Images.
Under the terms of the document, Centrus will supply sufficient high-assay low-enriched uranium (HALEU) for up to five of Oklo's Aurora powerhouses in the state. The letter of intent covers multiple years, the two companies wrote without being more specific. Deliveries are to start in 2029, they said.
The Ohio assets are being built by Oklo in partnership with social media company Meta Platforms to power its artificial intelligence (AI)-capable data centers.
Centrus and Oklo added that their pact "brings together domestic fuel supply, planned advanced nuclear power generation, customer demand, and project execution" for the latter company's operations.
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High on the coming supply On top of that, per Centrus and Oklo, the arrangement comes "at a time when access to domestically sourced HALEU remains one of the central constraints facing the advanced nuclear sector."
This is an important point, and a key reason why investors were understandably bullish on Centrus stock after the news hit the headlines.
The great bulk of the company's revenue derives from fuel supplies, so the more it can lock in with long commitments, the better. The current U.S. nuclear power revival seems to be picking up energy -- forgive the corny wordplay -- and Centrus should be one of the top beneficiaries of this. I'd be positive on the company's future too.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy.
Centrus Energy (LEU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Key Takeaways Oklo signed an LOI with Centrus to secure HALEU fuel for up to five Aurora reactors from 2029.The deal supports Oklo's planned 1.2-GW Ohio campus by strengthening fuel supply certainty.Kiewit joined project planning as Oklo advances reactor deployment and regional job creation. Oklo Inc. (OKLO - Free Report) has taken a significant step toward advancing its next-generation nuclear energy ambitions by signing a Letter of Intent (LOI) with Centrus Energy Corp. (LEU - Free Report) . Under the agreement, Centrus will provide enough domestically produced high-assay low-enriched uranium (HALEU) to fuel up to five of Oklo’s Aurora powerhouses for multiple years. Deliveries are expected to begin in 2029 from Centrus’ American Centrifuge Plant in Pike County, OH.
The agreement addresses one of the most pressing challenges facing the advanced nuclear industry — securing reliable domestic supplies of HALEU. By establishing a long-term fuel pathway, Oklo aims to strengthen certainty around the deployment of its planned 1.2-gigawatt Clean Energy Campus in southern Ohio.
Building a Domestic Advanced Nuclear EcosystemThe partnership brings together several key components required for advanced nuclear deployment, including fuel production, power generation, customer demand and project execution. The proposed agreement may also include fuel-related prepayments from Oklo, helping support the expansion of domestic HALEU production capacity.
This collaboration follows Oklo’s earlier announcement involving Meta Platforms, Inc. (META - Free Report) , which included financial commitments designed to accelerate development of the company’s planned Ohio nuclear campus. Under the arrangement, META is helping fund early development work, and its long-term electricity demand is expected to anchor the project. The partnership with META also provides clearer demand visibility as OKLO advances construction plans.
Together, these agreements highlight growing confidence among major customers and industry partners in advanced nuclear technologies as a source of reliable carbon-free electricity.
Kiewit Joins Development EffortIn addition to the fuel supply agreement, Oklo has entered into a memorandum of understanding with Kiewit Nuclear Solutions to support engineering, procurement and construction planning for the initial Aurora powerhouse deployments.
Kiewit’s involvement is expected to provide valuable expertise as Oklo moves from project planning toward execution. The combination of fuel supply, construction capabilities and committed customer demand positions Southern Ohio as a potential hub for advanced nuclear development.
Economic Benefits for Southern OhioThe planned nuclear campus is expected to generate substantial economic activity across the region. Oklo, currently carrying a Zacks Rank #3 (Hold), estimates that more than 700 full-time construction workers will be needed during the multi-year buildout of sequential reactor units.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Once operational, each Aurora powerhouse is expected to support approximately 40 to 50 permanent positions spanning engineering, technical support, maintenance, administration, logistics and other operational functions. Additional site-wide roles are anticipated as more reactors come online.
Centrus’ expansion plans are also expected to contribute significantly to local employment, creating roughly 1,000 construction jobs and 300 operating positions while retaining existing jobs at its Piketon facility.
Strengthening America’s Nuclear Fuel IndependenceThe agreement arrives as the United States seeks to rebuild domestic nuclear fuel capabilities and reduce reliance on foreign supply sources. Centrus became the first U.S.-owned uranium enrichment facility to begin HALEU production in decades, marking an important milestone for the nation’s nuclear energy strategy.
Backed by a previously announced $900 million U.S. Department of Energy HALEU task order and additional private-sector investment, Centrus is expanding production capacity to meet expected demand from advanced reactor developers.
Advancing the Future of Clean EnergyFor Oklo, the fuel agreement represents more than a supply arrangement — it is a critical step toward commercial deployment of its Aurora reactors. Designed with liquid-metal cooling technology, low water requirements and inherent safety features, Aurora powerhouses are intended to provide reliable, low-emission electricity under Oklo’s build-own-operate model.
As advanced nuclear technologies gain momentum, the collaboration between Oklo and Centrus demonstrates how coordinated investment across fuel production, reactor deployment and infrastructure development can accelerate the growth of a domestic clean energy ecosystem. If finalized, the agreement could help establish southern Ohio as a leading center for the next generation of American nuclear energy.
Oklo OKLO rose 3.25% in premarket after the company announced a Letter of Intent with Centrus Energy LEU under which Centrus will supply enough domestic high-assay low-enriched uranium to power up to five Oklo Aurora powerhouses for multiple years, with deliveries beginning in 2029. The fuel will come from Centrus's American Centrifuge Plant in Pike County, Ohio, supporting Oklo's planned 1.2 GW Clean Energy Campus in the same region. Centrus Energy shares gained 8.36%.
The LOI anticipates a further definitive contract and could include prepayments from Oklo to Centrus, following the same structure Oklo used in its January 2026 agreement with Meta. Centrus is leveraging its previously announced $900 million HALEU task order from the US Department of Energy alongside private capital to fund the expansion.
Access to domestically sourced HALEU has been one of the central constraints facing advanced nuclear deployment. The Ohio campus is expected to require over 700 full-time construction employees across sequential unit deployments, with each Aurora powerhouse supporting 40 to 50 permanent jobs. Centrus's own Pike County expansion is expected to create 1,000 construction and 300 operating jobs in Ohio.
Oklo also signed an MOU with Kiewit Nuclear Solutions for engineering, procurement, and construction planning for the initial Aurora deployments.
NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of POET Technologies Inc. (NASDAQ: POET).
Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) defendant, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies’ business agreements in a public interview, thus endangering POET Technologies’ business prospects, and (4) as a result, defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: June 29, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/poet-technologies-inc-loss-submission-form/?id=188969&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of POET during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 29, 2026. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
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New York, New York--(Newsfile Corp. - June 19, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against POET Technologies Inc. (NASDAQ: POET) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired POET Technologies Inc. securities between April 1, 2026 and April 27, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/POET.
POET Technologies Inc. Case Details
The Complaint alleges that the Defendants made false and/or misleading statements and/or failed to disclose that:
POET misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; the foregoing tax issue would, if discovered, make POET a less attractive investment than it would otherwise be, thus threatening POET's valuation; Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET's business agreements in a public interview, thus endangering POET's business prospects, and as a result, Defendants' statements about POET's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.What's Next for POET Technologies Inc. Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/POET, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in POET Technologies Inc. you have until June 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to POET Technologies Inc. Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for POET Technologies Inc. Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294976
Source: Bronstein, Gewirtz & Grossman, LLC
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - June 19, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the "Class Period"), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302245
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the “Class Period”), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or “PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies’ business prospects, and (4) as a result, defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
NEW YORK, June 21, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against POET Technologies Inc. (NASDAQ: POET) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired POET Technologies Inc. securities between April 1, 2026 and April 27, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/POET.
POET Technologies Inc. Case Details
The Complaint alleges that the Defendants made false and/or misleading statements and/or failed to disclose that:
POET misrepresented its tax status due to it likely being deemed a passive foreign investment company (or “PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; the foregoing tax issue would, if discovered, make POET a less attractive investment than it would otherwise be, thus threatening POET’s valuation; Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET’s business agreements in a public interview, thus endangering POET's business prospects, and as a result, Defendants’ statements about POET's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. What's Next for POET Technologies Inc. Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/POET. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in POET Technologies Inc. you have until June 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to POET Technologies Inc. Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for POET Technologies Inc. Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
New York, New York--(Newsfile Corp. - June 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the "Class Period"), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302246
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 1, 2026, and April 27, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before June 29, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. POET misrepresented its tax status due to the likelihood it would be deemed a passive foreign investment company ("PFIC"), which would have negative tax implications for individual investors. The Company's business prospects were endangered by CFO Thomas Mika violating a business agreement in a public interview. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about POET, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: April 1, 2026 to April 27, 2026
DEADLINE: June 29, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. The likelihood of POET being declared a passive foreign investment company ("PFIC") led it to misrepresenting its tax status. Based on these facts, POET's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that a securities class action has been filed against POET Technologies Inc. (NASDAQ: POET).
YOU MAY BE AFFECTED IF YOU:
Purchased POET stock between April 1, 2026 and April 27, 2026Lost money on your POET investment Submit your information to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
POET shares collapsed 47.3%, a loss of $7.15 per share, after the Company disclosed that Marvell Semiconductor cancelled all Celestial AI purchase orders due to a confidentiality breach. The lead plaintiff deadline is June 29, 2026.
What They Allegedly Knew Before Shareholders Did
The securities action contends that POET's executives possessed material non-public information about two critical risks long before those risks were disclosed to the investing public. First, the Company's own 2025 Annual Report, filed March 31, 2026, acknowledged that POET "may be treated as a PFIC" for 2025, yet this acknowledgment buried the severe tax consequences U.S. holders would face. Second, management was allegedly aware that confidentiality obligations governed the Company's relationship with Marvell Semiconductor and Celestial AI at the time the CFO appeared on a public interview discussing those very arrangements.
The Red Flags That Emerged
The lawsuit chronicles a pattern of warning signs that allegedly should have prompted corrective disclosure well before shareholders absorbed catastrophic losses:
POET generated just $2.3 million in total revenue since 2020, yet shares outstanding surged 303% from 38 million to 153 million between late 2022 and early 2026The Company's 2025 net loss represented negative 5,858% of revenue, raising fundamental questions about the sustainability of its business modelThe 2025 Annual Report contained language acknowledging likely PFIC status, yet the filing did not adequately warn U.S. investors of the punitive tax rates and compounding interest penalties they facedOn April 14, 2026, an independent research firm publicly identified POET as a PFIC, causing an immediate 8.08% stock decline, yet management did not withdraw or correct prior statements about business prospectsJust seven days after the PFIC revelation, the CFO appeared on a public interview discussing confidential purchase order and shipping details, the action alleges, despite being bound by non-disclosure obligations Inside Knowledge vs. Public Statements
As pleaded in the complaint, the Individual Defendants signed Sarbanes-Oxley certifications attesting to the accuracy of financial reporting and the disclosure of all fraud. The action claims these certifications were false because management knew the Company's PFIC status posed material valuation risk and that confidentiality obligations prohibited public discussion of customer arrangements. When the CFO publicly stated on April 21, 2026, that POET was "a supplier to Marvell now that they've acquired Celestial AI," the complaint charges that he was actively breaching those obligations while investors relied on his statements as evidence of a healthy business relationship.
"The timeline raises important questions about when certain risks were known internally versus when they were disclosed to the investing public," stated Joseph E. Levi, Esq.
Act now to protect your rights or call (212) 363-7500.
About Levi & Korsinsky, LLP
Levi & Korsinsky represents investors in securities class actions nationwide, with a track record of recovering hundreds of millions for shareholders harmed by alleged corporate concealment. Ranked among ISS Top 50 for seven consecutive years. Lead plaintiff applications must be submitted by June 29, 2026.
Frequently Asked Questions About the POET Lawsuit
Q: When did POET Technologies allegedly mislead investors? A: The class period runs from April 1, 2026 to April 27, 2026. The alleged fraud was revealed through corrective disclosures on April 14, 2026 and April 27, 2026, causing significant stock declines.
Q: How much did POET stock drop? A: Shares fell approximately 47.3%, a decline of $7.15 per share, after the Company disclosed that Marvell Semiconductor cancelled all Celestial AI purchase orders due to a confidentiality breach. Investors who purchased shares during the class period at artificially inflated prices may be entitled to compensation.
Q: What do POET investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my POET shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004 [email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In POET To Contact Him Directly To Discuss Their Options
If you purchased or acquired POET securities between April 1, 2026 and 08:57 AM ET on April 27, 2026 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against POET Technologies, Inc. (“POET” or the “Company”) (NASDAQ:POET) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired POET securities between April 1, 2026 and 08:57 AM ET on April 27, 2026, both dates inclusive (the “Class Period”).Investors have until June 29, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. What are the Allegation Details?
The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or “PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies’ business agreements in a public interview, thus endangering POET Technologies’ business prospects, and (4) as a result, defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
What are my Next Steps?
If you purchased or otherwise acquired POET shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In POET Technologies To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in POET Technologies between April 1, 2026 and 08:57 AM EST on April 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - June 23, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against POET Technologies, Inc. ("POET Technologies" or the "Company") (NASDAQ: POET) and reminds investors of the June 29, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Watch our latest video highlighting the key allegations:
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https://www.youtube.com/watch?v=zdxRFbToG4A
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
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 Technologies 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."
Following this news, POET Technologies' stock dropped more than 45% during intraday trading on April 27, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding POET Technologies' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the POET Technologies class action, go to www.faruqilaw.com/POET or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the POET Technologies, Inc. Securities Class Action Lawsuit:
What is the POET Technologies securities fraud lawsuit about?
The POET Technologies securities fraud lawsuit is a federal securities class action alleging that POET Technologies, Inc. (NASDAQ: POET) and its executives made false and misleading statements to investors by misrepresenting the Company's tax status — concealing that it likely qualified as a passive foreign investment company (PFIC) under U.S. tax law, which carries negative tax implications for U.S. stockholders — and by having a Company executive publicly discuss confidential business agreements in violation of a business agreement with a key customer. As the truth emerged on April 27, 2026, when it was reported that Marvell Semiconductor had canceled all purchase orders from POET Technologies, citing the Company's unauthorized disclosures of confidential order and shipping details as violations of its confidentiality obligations, POET's stock dropped more than 45% during intraday trading, causing significant losses for investors.
Who may be eligible to participate in the POET Technologies class action lawsuit?
Investors who purchased or acquired POET Technologies, Inc. (POET) securities between April 1, 2026 and 8:57 AM EST on April 27, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the POET Technologies securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former POET Technologies employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the POET Technologies lawsuit?
A lead plaintiff in the POET Technologies class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any POET Technologies investor who purchased POET securities during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is June 29, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased POET Technologies stock during the Class Period?
Investors who purchased POET Technologies, Inc. (POET) securities between April 1, 2026 and April 27, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the POET Technologies securities class action is June 29, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/POET for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302371
Source: Faruqi & Faruqi LLP
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, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of POET Technologies Inc. (NASDAQ: POET).
Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) defendant, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: June 29, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/poet-technologies-inc-loss-submission-form/?id=189520&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of POET during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 29, 2026. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Institutional investors holding positions in POET Technologies Inc. (NASDAQ: POET) during the period from April 1, 2026 through April 27, 2026 may wish to evaluate lead plaintiff opportunities in a pending securities class action. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
POET shares collapsed $7.15 per share, a 47.3% single-day decline, on April 27, 2026, after the Company disclosed that Marvell Semiconductor Inc. cancelled all purchase orders from Celestial AI due to alleged confidentiality breaches by POET's management. The window to apply for lead plaintiff closes on June 29, 2026.
Notice to Institutional Holders
Pension funds, mutual funds, hedge funds, and registered investment advisers that held POET common stock during the class period face potential portfolio losses stemming from two distinct alleged disclosure failures: (1) material understatement of the likelihood that POET qualified as a Passive Foreign Investment Company under U.S. tax law, and (2) management conduct that allegedly breached confidentiality obligations with a major customer, directly triggering the cancellation of critical revenue-generating purchase orders.
Institutional holders with fiduciary obligations to beneficiaries should assess whether the magnitude of POET-related portfolio losses warrants active participation in the recovery process.
ERISA and Fiduciary Considerations
For ERISA-governed plans and public pension systems that held POET securities, the class action presents specific fiduciary review questions:
Plan fiduciaries have an obligation to monitor portfolio holdings and evaluate available legal remedies when losses result from alleged corporate fraudLead plaintiff appointment provides direct oversight of litigation strategy, settlement negotiations, and counsel selectionInstitutional lead plaintiffs with substantial documented losses receive priority consideration under the Private Securities Litigation Reform ActParticipation as lead plaintiff carries no out-of-pocket cost; counsel fees are contingent and court-approvedFiduciaries who fail to evaluate recovery options may face questions from beneficiaries or oversight bodies regarding prudent asset managementThe PSLRA's rebuttable presumption favors appointing the movant with the largest financial interest in the relief sought Contact us for institutional recovery options or call (888) SueWallSt.
Portfolio Impact Assessment
The complaint details that POET generated only $2.3 million in total revenue since 2020, while shares outstanding increased 303% from approximately 38 million to 153 million between late 2022 and early 2026. For institutional holders, this profile raises questions about the basis for any position sizing during the class period and the reliability of information on which investment decisions were made. The alleged PFIC classification carries additional tax consequences that may affect after-tax returns for taxable institutional accounts.
"Institutional investors play a critical role in securities class actions. Their participation as lead plaintiff ensures that substantial losses drive the litigation strategy and that recovery efforts reflect the full scope of harm to the investing class." -- Joseph E. Levi, Esq.
Case Summary
The securities action, filed in the United States District Court for the District of New Jersey, asserts claims under Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. The pleading asserts that defendants made materially false and misleading statements about POET's tax status and business relationships during the class period, and that the market repriced POET shares sharply downward when the true state of affairs was revealed through corrective disclosures on April 14 and April 27, 2026.
INSTITUTIONAL INVESTOR REPRESENTATION -- SueWallSt provides sophisticated counsel to institutional investors evaluating lead plaintiff opportunities. The firm has recovered hundreds of millions of dollars. Ranked among ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the POET Lawsuit
Q: How much did POET stock drop? A: Shares fell approximately 47.3%, a decline of $7.15 per share, after the Company disclosed that Marvell Semiconductor Inc. cancelled all Celestial AI purchase orders due to alleged confidentiality breaches. Investors who purchased shares during the class period at artificially inflated prices may be entitled to compensation.
Q: What is the POET lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is June 29, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What do POET investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at [email protected] or (888) SueWallSt. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my POET shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of investor's country of residence.
LOS ANGELES, June 23, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises POET Technologies, Inc., (“POET Technologies” or the "Company") (NASDAQ: POET) investors of a class action on behalf of investors that bought securities between April 1, 2026 and April 27, 2026, inclusive (the “Class Period”). POET Technologies investors have until June 23, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/poet-technologies-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On April 27, 2026, Investing.com published an article entitled “POET Technologies stock tumbles after losing Marvell orders.” The article reported that POET 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’s stock price fell $7.15 per share, or 47.35%, to close at $7.95 per share on April 27, 2026.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar [email protected]
310-692-8883
www.portnoylaw.com
New York, New York--(Newsfile Corp. - June 23, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against POET Technologies Inc. (NASDAQ: POET) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired POET Technologies Inc. securities between April 1, 2026 and April 27, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/POET.
POET Technologies Inc. Case Details
The Complaint alleges that the Defendants made false and/or misleading statements and/or failed to disclose that:
POET misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; the foregoing tax issue would, if discovered, make POET a less attractive investment than it would otherwise be, thus threatening POET's valuation; Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET's business agreements in a public interview, thus endangering POET's business prospects, and as a result, Defendants' statements about POET's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.What's Next for POET Technologies Inc. Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/POET, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in POET Technologies Inc. you have until June 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to POET Technologies Inc. Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for POET Technologies Inc. Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Attorney advertising.
Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294977
Source: Bronstein, Gewirtz & Grossman, LLC
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the "Class Period"), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
So What: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether POET and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until June 29, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired POET securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On April 27, 2026, Investing.com published an article entitled “POET Technologies stock tumbles after losing Marvell orders.” The article reported that POET 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’s stock price fell $7.15 per share, or 47.35%, to close at $7.95 per share on April 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the “Class Period”), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or “PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies’ business prospects, and (4) as a result, defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
Important Information Regarding Section 20(a) Individual Liability Claims Against POET Technologies Executives Who Allegedly Signed False Certifications While Breaching Confidentiality Obligations
, /PRNewswire/ -- Levi & Korsinsky, LLP alerts investors in POET Technologies Inc. (NASDAQ: POET) that two senior executives are named as individual defendants in a securities class action covering purchases between April 1, 2026 and April 27, 2026. Find out if you qualify to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
POET shares lost $7.15 per share, a 47.3% decline, after the Company disclosed the cancellation of all Celestial AI purchase orders due to an alleged confidentiality breach. The Court has set June 29, 2026 as the deadline to apply for lead plaintiff appointment.
The Named Individual Defendants
The complaint identifies Suresh Venkatesan, Chief Executive Officer, and Thomas Mika, Executive Vice President and Chief Financial Officer, as individual defendants under both Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. The action contends that both officers directly participated in managing the Company, were privy to confidential proprietary information, and were involved in drafting, reviewing, or approving the allegedly misleading public statements at issue.
Sarbanes-Oxley Certification Obligations
Both Venkatesan and Mika signed SOX certifications attached to POET's 2025 Annual Report on Form 20-F, filed March 31, 2026. Under Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, these certifications attested to:
The accuracy of the Company's financial reporting The disclosure of any material changes to internal controls over financial reporting The disclosure of all fraud involving management or employees with a significant role in internal controls The lawsuit asserts these certifications were materially false given what the defendants allegedly knew about the Company's PFIC tax status and the vulnerability of its confidentiality obligations.
Section 20(a) Control Person Framework
Section 20(a) of the Exchange Act imposes liability on individuals who exercise control over persons or entities that violate securities laws. As pleaded in the complaint, both individual defendants:
Operated and managed the Company at the highest levels during the Class Period Controlled the contents of reports, press releases, and public filings disseminated to the market Exercised authority that caused the Company to engage in the allegedly wrongful conduct Had actual knowledge of material omissions or acted with reckless disregard for the truth Scienter Allegations
The complaint charges that the individual defendants knew the Company's public statements were materially false and misleading. Specifically, the filing states that Mika was aware he was subject to a non-disclosure agreement with Marvell Semiconductor Inc. at the time he discussed POET's business relationship with Celestial AI and Marvell during an April 21, 2026 public interview. The action claims Venkatesan, as CEO, was privy to the same confidential information and bore responsibility for ensuring accurate disclosures.
"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. When executives sign SOX certifications attesting to the integrity of their disclosures while allegedly aware of material risks to key business relationships, shareholders deserve accountability." -- Joseph E. Levi, Esq.
Submit your information to join the recovery or call (212) 363-7500.
WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.
Frequently Asked Questions About the POET Lawsuit
Q: Who are the defendants named in the POET lawsuit? A: The complaint names POET Technologies Inc. and individual defendants including CEO Suresh Venkatesan and CFO Thomas Mika, who signed SEC filings and SOX certifications during the Class Period.
Q: What is the POET lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is June 29, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.
Q: What do POET investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What if I already sold my POET shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What court was the POET class action filed in? A: The case was filed in the United States District Court for the District of New Jersey, governed by the Private Securities Litigation Reform Act of 1995.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (Nasdaq: FWONA, FWONK) announced today that MotoGP Sports Entertainment Group, S.L. (“MotoGP”) closed the repricing of its first lien Term Loan B, first lien Term Loan A and first lien revolving credit facility on June 17, 2026. MotoGP is a subsidiary of Liberty and is the exclusive commercial rights holder of the FIM MotoGP™ World Championship.
MotoGP repriced the previous €800 million Term Loan B with a maturity of August 18, 2032 with a new €720 million Term Loan B due August 18, 2032, the previous $231 million Term Loan A with a maturity of August 18, 2030 with a new $209 million Term Loan A with a maturity of August 18, 2030 and the previous €100 million multicurrency revolving credit facility with a maturity of August 18, 2030 with a new €100 million multicurrency revolving credit facility due August 18, 2030. The net reduction of approximately $114 million equivalent under the debt facilities was funded with cash from MotoGP’s balance sheet.
Based on MotoGP’s balance sheet as of March 31, 2026 and assuming exchange rates as of that date, pro forma for the repricing transactions, MotoGP has approximately $72 million of cash and liquid investments and principal amount of debt of $1,037 million. MotoGP’s net senior secured leverage ratio as of March 31, 2026 as defined in its credit facility and pro forma for the repricing transaction is 4.6x.
The current margin for the Term Loan B has been reduced from 2.50% to 2.25% (with a new range of 2.00% to 2.25% based on MotoGP’s consolidated net senior secured leverage ratio; the prior range was 2.25% to 2.75%) with a reference rate of EURIBOR. The current margin for the Term Loan A is unchanged at 1.50% (with a new range of 1.25% to 1.50% based on MotoGP’s consolidated net senior secured leverage ratio; the prior range was 1.50% to 2.00%) with a reference rate of Term SOFR. The current margin for the revolving credit facility is unchanged at 2.00% (with a new range of 1.50% to 2.00% based on MotoGP’s consolidated net senior secured leverage ratio; the prior range was 2.00 to 2.50%) with a reference rate of one of Term SOFR, SONIA or EURIBOR based on the currency of the applicable borrowing. The Term Loan B, the Term Loan A and the revolving credit facility remain non-recourse to Liberty.
About Liberty Media Corporation
Liberty Media Corporation (Nasdaq: FWONA, FWONK) operates and owns interests in media, sports and entertainment businesses. The portfolio of assets includes Liberty Media’s subsidiaries Formula 1, MotoGP and other minority investments.
About MotoGP Sports Entertainment Group, S.L.
MotoGP Sports Entertainment Group, S.L (“MotoGP”) became the sole commercial and television rights holder of the FIM MotoGP™ World Championship in 1991 and is based in Madrid, with premises in Barcelona and a subsidiary in Rome. MotoGP holds exclusive rights to MotoGP feeder series Moto2™ and Moto3™, electric series MotoE™, the FIM Superbike World Championship and the FIM Women's Circuit Racing World Championship.
More News From Liberty Media Corporation and MotoGP Sports Entertainment Group, S.L.
Formula One Group remains a rare sports asset with massive pricing power, scarce race inventory, and growing premium hospitality demand. 1Q26 looked strong on the surface, but race timing helped the comparison, and FY2026 should remain noisy due to the reduced race calendar. The full calendar is less bearish than I previously thought, as F1 is finding ways to monetize scarcity through higher pricing, expanded capacity, and premium offerings.
June 17, 2026 16:05 ET | Source: SL Green Realty Corp
NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a quarterly ordinary dividend of $0.6175 per share of common stock, which is the equivalent of an annualized dividend of $2.47 per share. The dividend is payable in cash on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2026 through July 14, 2026 of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable in cash on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2026, SL Green held interests in 55 buildings totaling 30.8 million square feet which included ownership interests in 29.4 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 3 buildings totaling 0.8 million square feet owned by third parties.
Forward Looking Statement
This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.
Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.
Conference Call to Be Held on July 23, 2026 at 2:00pm ET June 22, 2026 07:30 ET | Source: SL Green Realty Corp
NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it will release its earnings for the second quarter of 2026 on Wednesday, July 22, 2026 after market close.
The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, July 23, 2026 at 2:00pm ET to discuss the financial results.
Simultaneous with the earnings release, supplemental data will be made available in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Financial Reports”.
The live conference call will be webcast in listen-only mode and a replay will be available in the Investors section of the SL Green Realty Corp. website at https://slgreen.com under “Presentations & Webcasts”.
Research analysts who wish to participate in the conference call must first register at https://register-conf.media-server.com/register/BIad64200b18bd402aac10eccae2eddc08.
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2026, SL Green held interests in 55 buildings totaling 30.8 million square feet which included ownership interests in 29.4 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 3 buildings totaling 0.8 million square feet owned by third parties.
Key Takeaways ONDS is scaling through M&A into ISR, Counter-UAS, loitering munitions, UGVs and stratospheric sensing.RCAT is benefiting from drone defense spending and expects $150M-$180M in near to medium-term revenues.ONDS has a $4.3B active pipeline, while RCAT's Teal Black Widow opportunity pipeline is nearly $700M. The global drone industry is rapidly evolving into one of the most strategically important sectors in defense, surveillance, logistics and autonomous warfare.
Ondas Inc (ONDS - Free Report) and Red Cat Holdings (RCAT - Free Report) are pure-play drone and autonomous systems companies. These companies are positioning themselves as strategic partners to military and government agencies. However, despite operating in the same space, these companies have very different positions in terms of scale and maturity.
For investors seeking exposure to this theme, the key question remains: which stock offers the better opportunity right now?
Let us do a deep dive into the companies’ competitive dynamics to understand which is better positioned in the industry.
ONDS: Rapidly Scaling Via M&AOndas is rapidly transforming from a niche unmanned systems player into a scaled, multi-domain defense technology platform. Ondas Autonomous Systems (“OAS”) has quickly become a multi-domain autonomy platform spanning Intelligence, Surveillance, Reconnaissance or ISR, Counter-UAS, loitering munitions/strike systems, unmanned ground vehicles and stratospheric sensing via World View acquisition.
The company has accomplished this broad portfolio through focused M&A activity. In the first quarter alone, the company completed five acquisitions (World View, INDO Earth, Rotron Aerospace, Bird Aero and Mistral Inc). Ondas recently announced an agreement to acquire Omnisys Ltd., adding AI-powered battlefield orchestration software to its autonomous defense systems portfolio.
This expanding reach is complemented by a rapidly growing opportunity set, including a $4.3 billion active pipeline and more than $1.6 billion in strategic program potential, as highlighted by management on the last earnings call. Management noted that the current pipeline represents more than $500 million in potential annualized revenue opportunity.
The pipeline spans multiple operational domains, including aerial security, ISR and unmanned ground vehicles (UGVs). The company is also targeting large-scale defense initiatives such as the LASSO program, which alone represents a potential opportunity nearing $1 billion. Ondas has also accumulated a backlog exceeding $450 million following the acquisitions of World View and Mistral.
With substantial cash reserves and minimal debt, the company is well-positioned to continue investing in growth, pursue acquisitions and navigate market uncertainties. Management increased 2026 revenue guidance to at least $390 million. A key factor will be the integration and monetization of recent acquisitions, particularly World View and Mistral.
However, Ondas’ story is not without challenges. Extensive M&A amplifies risks, as so many acquisitions in such a short period can create integration overload and execution risks, as achieving targets depends on timely integration and conversion of backlog into revenues.
Ondas faces rising operating costs as it invests in personnel and infrastructure capabilities to capture additional market opportunities. Amid rising costs, management expects adjusted EBITDA losses to stay elevated in the second quarter of 2026, likely marking the peak loss period. Beyond that, ONDS expects improvement throughout the year, driven by higher revenues, gross profit and operational scale. Notably, management pulled forward the OAS EBITDA profitability target to the first quarter of 2027 — roughly six months ahead of the earlier target.
RCAT: Strengthening MomentumThe acceleration in defense spending, especially on drones, is benefiting Red Cat. On the last earnings call, management highlighted that the Defense Autonomous Warfare Group is expected to allocate $54 billion (which could reach as much as $74 billion) toward drones, drone dominance and counter-drone systems starting in 2027, with funding visibility beginning within months. Additionally, a $156 billion defense reconciliation bill for 2025 is now being rapidly deployed in 2026, with only $30 billion obligated as of April, implying a significant ramp in spending over the near term. This creates a powerful demand tailwind for RCAT’s portfolio.
Given these, the company expects $150 million to $180 million in annual revenues in the near to medium term. The gross margins are expected to approach 30% over time. Red Cat delivered $15.5 million in revenues in the first quarter, marking an 849% year-over-year increase.
Red Cat expects broad-based growth across multiple segments such as Black Widow, Blue Ops and FlightWave drones. On the most recent earnings call, management emphasized a “large opportunity pipeline for 2026” around its Black Widow platform. This pipeline spans multiple customers, including the U.S. Army (with a pending LRIP contract), Marines, Air Force, Philippines, Ukraine, Japan and Taiwan. The opportunity pipeline for the Teal Black Widows is nearly $700 million, added Red Cat. The company has the capacity and inventory to support up to $220 million worth of Black Widows, reinforcing readiness to convert pipeline into revenues.
RCAT’s expansion into USVs via Blue Ops adds a significant new revenue stream with an expected $150 million sales potential in 2026. It recently acquired Quaze Technologies Inc, which Québec-develops wireless power transfer technology for unmanned and autonomous systems and drones.
Despite strong growth prospects, Red Cat faces significant execution risk. Any delays in production scaling could weigh on revenue guidance and negatively impact investor sentiment. Also, revenues are heavily dependent on government defense spending, which is heavily influenced by budget approvals and timing.
Although gross margins have improved, the company remains unprofitable at the operating level. Quarterly operating loss came in at $27.3 million, widening from the $12.5 million loss reported in the year-ago quarter, primarily due to expenses. Operating expenses were $29.3 million, significantly exceeding revenues of $15.5 million. Increasing costs are caused by investments in research and development, personnel and infrastructure. While necessary for growth, these investments may weigh down on profitability in the near term.
The company’s expansion into USVs and swarm robotics remains in the early stages. Moreover, global macro dynamics and supply-chain troubles amid intense competition in the drone space are additional concerns.
Price Performance & Valuation for ONDS & RCATYear to date, ONDS is down 5.6% while RCAT is up 37.4%.
Image Source: Zacks Investment Research
In terms of the forward 12-month price-to-sales ratio, ONDS trades at 8.6X, higher than RCAT’s 7.32X
Image Source: Zacks Investment Research
How Do Estimates Compare for ONDS & RCAT?For ONDS, earnings estimates for the current year have improved 12.5% in the past 60 days.
Image Source: Zacks Investment Research
For RCAT, earnings estimates for the current year have been significantly revised downwards over the same time frame.
Key Takeaways Ondas plans a $125M Cyberhawk acquisition, expected to close in Q3 2026 pending approvals.Cyberhawk adds drone inspections, digital twins, cloud software and AI asset analytics capabilities.ONDS gains a business with 95% recurring revenue and a $95M backlog supporting future growth. The convergence of AI, autonomous drones, cloud software and critical infrastructure management is reshaping industries worldwide. In a strategic move, Ondas Inc. (ONDS - Free Report) recently announced its planned $125 million acquisition of Cyberhawk, a top provider of drone-based infrastructure inspection and AI-powered asset intelligence. Management indicated that approximately 95% of the consideration will be in stock, reducing immediate cash needs while aligning Cyberhawk shareholders with Ondas' long-term performance. The acquisition also requires regulatory approvals before the expected closing in the third quarter of 2026.
The strategic value of the Cyberhawk acquisition lies in its complementary capabilities. Cyberhawk brings drone inspections, digital twins, cloud-based infrastructure management and AI analytics, while Ondas contributes autonomous aerial systems, mission automation and advanced sensing technologies. Together, they create an end-to-end infrastructure intelligence platform spanning data collection, cloud visualization, AI-driven analysis and predictive maintenance. This integrated ecosystem enhances customer value and opens multiple recurring revenue opportunities.
Cyberhawk enhances Ondas both financially and strategically. The company is projected to generate more than $45 million in revenue for the fiscal year ending March 2027, starting with high-single-digit EBITDA margins and aiming for EBITDA margins exceeding 25% by 2030. About 95% of Cyberhawk's revenue comes from recurring sources, including multi-year contracts, software subscriptions and long-term infrastructure inspection agreements. Recurring revenue improves predictability, reduces earnings volatility and often attracts higher valuation multiples than project-based businesses. Cyberhawk also has a $95 million backlog, offering visibility into future growth.
ONDS is on an acquisition spree. Last month, it agreed to acquire Omnisys, adding AI-powered battlefield orchestration software to its defense portfolio. This is followed by prior buyouts of Rotron Aerospace, Mistral Inc., Bird Aero, Indo-Earth and World View, strengthening its capabilities across loitering munitions, counter-missile defense systems, military engineering equipment and stratospheric surveillance solutions.
Are ONDS’ Rivals Also Betting on Acquisitions?Draganfly (DPRO - Free Report) recently completed the acquisition of Skip Dynamix, strengthening its defense drone portfolio and expanding its presence in the low-cost autonomous aerial systems market. The deal adds fixed-wing drone technology and enhances Draganfly’s AI, autonomy and military systems capabilities, while improving its positioning in U.S., NATO and Indo-Pacific defense programs. The acquisition adds the Orca fixed-wing drone to Draganfly’s portfolio, expanding its capabilities in long-range autonomous systems. It also broadens the company’s reach across defense and government markets, creates revenue growth opportunities and retains key fixed-wing drone expertise through the continued involvement of Skip Dynamix’s founders.
Last month, Unusual Machines (UMAC - Free Report) agreed to acquire Upgrade Energy for approximately $52 million, adding battery and power system expertise to its drone components business. The deal expands the company’s product portfolio, strengthens domestic manufacturing capabilities, and supports future production growth through additional U.S. facilities. In 2025, UMAC completed the acquisition of Rotor Lab, adding high-performance drone motor and propulsion technologies to its portfolio. The deal strengthens its commercial and defense offerings, supports U.S. manufacturing expansion and enhances motor design and engineering capabilities. It also agreed to acquire Aloft Technologies for $14.5 million, adding leading drone fleet and airspace management capabilities to its portfolio.
ONDS’ Price Performance, Valuation and EstimatesShares of ONDS have gained a whopping 486.7% in the past year against the Zacks Wireless-National industry’s decline of 14.5%
Image Source: Zacks Investment Research
ONDS seems overvalued, as suggested by the Value Score of F. In terms of the forward 12-month Price/Sales ratio, ONDS is trading at 8.63, considerably higher than the industry’s multiple of 1.6.
Image Source: Zacks Investment Research
For ONDS, earnings estimates for the current year have remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
ONDS currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
New June orders bring Ondas' Q2-to-date order activity to over $150 million, driven by demand for Counter-UAS, Loitering Munition Systems ("LMS") and integrated autonomous defense capabilities
Rotron Aerospace's successful SkyLance trial under the UK Ministry of Defence's Project Brakestop advances Ondas' LMS platform and strengthens its position in sovereign long-range strike capabilities playing a key part of Ondas' LMS strategy
WEST PALM BEACH, FL / ACCESS Newswire / June 22, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous drone and advanced defense technologies, today announced that it has secured more than $40 million in aggregate new orders during June for autonomous defense systems, including Counter-UAS ("C-UAS") solutions, Loitering Munition Systems ("LMS"), ground systems and related defense services from governmental and defense customers across multiple international markets. Together with previously announced awards, these new orders bring Ondas' second-quarter-to-date order activity to more than $150 million.
The new awards reflect continued demand for Ondas' autonomous defense technologies as governments and defense forces respond to rapidly evolving threats from unmanned aerial systems, and a growing demand for long-range precision strike platforms. Ondas believes the growth of the LMS market represents a natural extension of the same operational forces driving demand for C-UAS technologies.
"June new orders demonstrate the increasing demand for autonomous defense technologies capable of addressing the realities of modern warfare," said Eric Brock, Chairman and CEO of Ondas. "Counter-UAS has become an urgent priority for governments around the world as drone threats continue to accelerate, and we are now seeing the next major wave of demand forming around Loitering Munition Systems and affordable long-range precision engagement. This demand is especially visible across Europe and the United States, where allied defense customers are moving quickly to strengthen both defensive and offensive autonomous capabilities."
A key part of Ondas' LMS strategy is Rotron Aerospace Ltd. ("Rotron"), the Company's wholly owned UK-based subsidiary. Rotron recently completed a successful flight trial of its SkyLance system under the UK Ministry of Defence's Project Brakestop, a Taskforce Kindred-funded program focused on advancing the United Kingdom's next-generation long-range strike capability. SkyLance is a one-way-effect system designed to combine substantial operational range with precision engagement capability. The successful trial validated core technologies supporting the SkyLance platform and demonstrated Rotron's ability to rapidly deliver advanced, operationally relevant capability in support of sovereign UK defense priorities.
SkyLance is designed, developed and manufactured in the United Kingdom, providing sovereign control over critical propulsion, platform and integration technologies. Rotron's lean operating model, rapid development cycles and competitive cost base enable it to deliver advanced long-range strike capability at significantly lower cost and greater speed than traditional procurement models, while strengthening the UK defense industrial base. Ondas believes these characteristics are increasingly important as governments seek to replenish defense stockpiles, deploy autonomous strike capabilities at scale, and reduce reliance on legacy systems that are often costly, slow to procure and difficult to adapt to rapidly changing battlefield requirements.
The June orders build upon Ondas' previously announced commercial momentum during the second quarter, including more than $30 million in orders secured during May across air defense, Counter-UAS, autonomous ISR, robotic systems and precision engagement technologies. Together with previously announced awards, Ondas has now secured more than $150 million in orders and awards during the second quarter of 2026, demonstrating accelerating customer adoption of the Company's integrated autonomous systems architecture and validating its strategic growth plan focused on scaling each technology segment through operational integration, shared customer access and continuous technology innovation.
Ondas' autonomous defense platform is designed to support the growing convergence of detection, intelligence, protection and engagement capabilities. The Company's C-UAS technologies address the need to defend against hostile drones and unmanned aerial threats, while its LMS capabilities are intended to provide customers with scalable precision strike and one-way attack options. These systems are supported by Ondas' broader technology base across aerial intelligence, robotic platforms, electronic warfare technologies and AI-powered command-and-control software, enabling customers to deploy integrated mission capabilities rather than fragmented point solutions.
"In a short period of time, Ondas has assembled and integrated what we believe to be some of the most advanced and operationally proven autonomous technologies available anywhere in the world," said Oshri Lugassy, Co-CEO of Ondas Autonomous Systems. "The market is moving quickly from individual drone systems toward integrated autonomous architectures that can support air defense, intelligence, precision engagement and robotic operations together. C-UAS remains one of the most urgent requirements in the market, and Loitering Munition Systems are becoming a major growth area as customers seek scalable and affordable strike capabilities. Rotron's SkyLance system adds important sovereign UK long-range strike technology to Ondas' platform, and we believe it will help accelerate our LMS position across Europe, the United States and allied defense markets."
Ondas believes its LMS strategy is strengthened by the Company's broader operating model, which combines advanced technologies from multiple business units into a unified autonomous defense platform. Through this model, Ondas is able to connect product development, manufacturing, customer access and field experience across its technology segments, creating commercial synergies and expanding the Company's ability to compete for larger defense programs. The Company believes this integrated approach is particularly important as defense customers increasingly seek system-of-systems solutions rather than single-point products.
The Company believes the convergence of rising global defense spending, operational lessons from current conflicts, and accelerating adoption of autonomous technologies is creating a significant multi-billion-dollar industry wide opportunity across its core defense and security markets. Ondas expects continued demand for autonomous defense systems capable of delivering scalable, cost-effective and integrated mission capabilities across Counter-UAS, Loitering Munition Systems, ISR, ground robotics, electronic warfare and AI-enabled command-and-control.
About Ondas Inc.
Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, including autonomous drone systems, counter-UAS technologies, robotic ground systems, advanced unmanned aircraft and propulsion solutions, demining and engineering systems, and integrated sensing and communications technologies designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
