Form 8-K · Current Report · Filed 2025-12-30
AXT Announces Pricing of Public Offering
AXT, Inc. announced the pricing of an underwritten public offering of 7,098,492 shares of common stock at $12.25 per share, expecting gross proceeds of approximately $87 million. The offering includes a 30-day option for the underwriter to purchase up to 1,064,773 additional shares, potentially raising an additional $13 million in gross proceeds if fully exercised. The net proceeds will be used to expand manufacturing capacity for indium phosphide substrates, for R&D, and for general corporate purposes.
- Filer
- Axt, Inc. AXTI · NASDAQ
- Filed
- Accession
- 0001213900-25-126296
- CIK
- 0001051627
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$14.59
Next session
+12.1%
Since filing
+314.2%
Latest close
$60.43
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AXTI reporting the same item, with the next session's move:
About Axt, Inc.
Axt, Inc. is a leading producer of high-performance compound semiconductor substrates. These substrates, such as gallium arsenide (GaAs), enable the efficient functioning of a diverse range of electronic and optoelectronic devices. Axt, Inc. plays a crucial role in enhancing the performance of high-frequency, high-power, and optically sensitive applications. The primary use of these substrates is found in industries like telecommunications, light-emitting diodes (LEDs), and solar cells. With its production facilities located primarily in China, Axt, Inc. serves a global market, catering to technology companies that require high-quality semiconductor materials. Through its extensive research and development initiatives, the company continually innovates to meet the growing demand for substrate materials that support advanced technology products. As a significant provider in the semiconductor supply chain, Axt, Inc. contributes to the advancement of next-generation technologies, supporting sectors that are critical to modern electronics and renewable energy solutions.
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