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Stock impact report

POET Technologies Provides Clarity on its Passive Foreign Investment Company (PFIC) Status [Yahoo! Finance]

POET Technologies Inc. - Common Shares (POET) 
Company Research Source: Yahoo! Finance
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (Nasdaq: POET) today announced that it will make available the information necessary for its U.S. shareholders to make a “QEF” election. If a U.S. shareholder timely makes such an election, it should mitigate certain potential adverse U.S. federal income tax consequences to it that could otherwise result from the Company's status as a passive foreign investment company (or “PFIC”) for the year ended December 31, 2025. Further, a U.S. shareholder that makes a QEF election with respect to POET for fiscal year 2025 is not expected to have current income inclusions for fiscal year 2025 as a result of the QEF election, and consequently, a QEF election with respect to such year is expected to result in no negative U.S. federal income tax consequences for U.S. shareholders that have continued to hold their POET shares. According to Thomas Mika, the Company's Executive Vice President & Chief Financ Show less Read more
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