Swedish prosecutors suspect information leak caused premature exposure of Sivers (SIVE) dual-listing rumors, leading to stock price fluctuations; investigation has now been launched

Odaily Planet Daily News: Jonas Myrdal, a prosecutor at the Swedish Economic Crime Authority, stated that regarding a post on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the U.S., which was leaked approximately 48 hours before being officially confirmed by the company, he believes this is not a coincidence but highly likely involves an information leak.

Jonas Myrdal pointed out that the relevant information was posted and continuously promoted on platform X by an anonymous account with about 200,000 followers before the official disclosure. This subsequently caused the company's stock price to surge several times within a short period. This pattern of behavior is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation. He further suggested that Nasdaq should investigate the incident and assess whether there was a violation of the EU's Market Abuse Regulation (MAR). Currently, the source of the information leak is still under investigation.

Previously, "new stock god" Serenity posted on platform X, seemingly "shilling" Sivers, stating that after further reviewing Sivers Semiconductors' latest earnings call, they are optimistic about its prospects. The company's management mentioned that "in a super-cycle where demand far exceeds supply, treating ecosystem partners as competitors is not the right approach," reflecting the current strong demand in the photonics industry. Additionally, over the past five months, the photonics business pipeline has grown rapidly, driving a 77% increase in the overall revenue pipeline. (Marketscreener)