Swedish prosecutors suspect that information leaks led to the premature exposure of rumors about Sivers (SIVE) dual listing, triggering stock price fluctuations.

PANews May 30 News, according to Marketscreener, a prosecutor from Sweden’s Economic Crimes Authority, Jonas Myrdal, said that regarding the alleged premature leak on social media platform X of news that Sivers Semiconductors (SIVE) was considering a dual listing in the U.S., which was then officially confirmed by the company about 48 hours later, he believes it was not a coincidence and was highly likely linked to an information leak.

Jonas Myrdal noted that the relevant information had been posted and continuously promoted on X by an anonymous account with around 200,000 followers before the official disclosure, and that this was followed by the company’s share price surging several times within a short period. This behavior pattern is similar to a prior “pump-and-dump” manipulation case, in which three people were convicted of serious market manipulation offenses. He also suggested that Nasdaq should investigate this incident and assess whether there was any violation of the EU Market Abuse Regulation (MAR). At present, the source of the information leak is still under investigation.

Earlier, “new stock guru” Serenity posted on X, apparently “issuing trade calls” about Sivers, and said that after further sorting through the content of Sivers Semiconductors’ latest earnings call, it is optimistic about its prospects. The company’s management said, “In a super cycle where demand far exceeds supply, it is not the right approach to view ecosystem partners as competitors,” reflecting the currently strong demand in the photonics industry. In addition, over the past five months, the photonics business pipeline has grown rapidly, driving an overall revenue pipeline increase of 77%.